Oil traders begin Russian crude clean up; EBRD eyes RBL for Midia Gas Development project, and CapitalBay to run peer-to-peer financing platform

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The EBRD is considering providing a senior secured reserve-based loan (RBL) alongside a mix of international and local banks for the $400 million Midia Gas Development (MGD) project in Romania – the first new offshore gas development in the Romanian Black Sea basin since 1989

• Oil traders are starting the slow process of cleaning up cargoes of Russian crude that were loaded onto tankers at a port in the Baltic Sea during a contamination crisis

• Supply chain finance group CapitalBay has received the approval from the Securities Commission Malaysia to operate a peer-to-peer financing platform

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