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Hungary manages to agree on Russian oil supplies via Ukraine - Bloomberg

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On Monday, September 9, it became known that Hungary was able to agree on the supply of Russian crude oil through a pipeline passing through Ukraine. This was reported by Bloomberg and UNN .

Details

According to the agreement, Mol, which controls refineries in Hungary and Slovakia, will take over the supply of crude oil at the Belarusian-Ukrainian border starting September 9.  

Bloomberg emphasized that until now, the Russian side has been responsible for the supply of crude oil to  Hungary and Slovakia. 

The new agreement provides a sustainable solution for the transportation of crude oil through the Druzhba pipeline

- said Gabriel Sabo, Executive Vice President of Mol Downstream

Експорт російської нафти до Угорщини та Словаччини у липні залишався у нормі попри бан "лукойла" - Bloomberg29.08.24, 14:00

Addendum

As you know, Hungary and Slovakia are landlocked countries that have been granted temporary exemptions from the EU's energy sanctions against Russia.

However, after Ukraine tightened sanctions against Lukoil in July, Hungary and Slovakia were forced to negotiate  for crude oil through producers such as PJSC Tatneft .  

Recall

In August , Budapest announced that the Hungarian company MOL could take over the transportation of oil from the Russian-Ukrainian border. However, such a decision could raise the price by $1.5,

Volodymyr Omelchenko

Economy

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