The recent sanctions on Lukoil by Ukraine have caused disruptions in oil supplies to Hungary and Slovakia via the Druzhba pipeline. This has led to a diplomatic dispute between the countries, with concerns over energy security being raised by Budapest and Bratislava. Despite this, Russian crude exports to both nations remained stable in July, thanks to supplies from Tatneft replacing the sanctioned Lukoil oil. The volume of oil transiting through Ukraine has not been affected, according to Naftogaz CEO Oleksii Chernyshov.
Hungary’s leading refiner Mol also reassured that the country will not face shortages due to the sanctions. The European Commission, after examining the issue, found no reason for concern. While tensions persist, the oil supply situation seems to be under control for now. This highlights the complexity of the energy dynamics between Ukraine, Russia, and the EU.
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