Ukraine has turned off the oil tap. Another country cut off

Slovakia is another EU country to which Lukoil’s crude oil flows have been halted. This is a result of Ukraine imposing sanctions on a Russian company.

The Slovak government has issued an official announcement suspending the receipt of crude oil supplies exported by Lukoil via the Druzhba pipeline.

Let us recall that Ukraine announced in June of this year that it intends to do this starting in mid-July. Tightening sanctions and eliminating the possibility of using this country’s infrastructure to send crude oil to Europe.

Lukoil, Russia’s second-largest oil producer, has been hit by sanctions.

Ukraine has turned off the oil tap. Another country cut off

“We are currently noticing that Lukoil has stopped oil deliveries to the Slovneft refinery in Bratislava,” said Slovak pipeline operator Transpetrol.

Meanwhile, information has been confirmed that oil supplies from other Russian suppliers, not included in the expanded Ukrainian sanctions list, have arrived safely.

Slovakian Economy Minister Denisa Saková announced:

I discussed the current situation regarding partial restrictions on oil supplies with the Ambassador of Ukraine Myroslav Kestran. I believe that we can resolve this issue to the satisfaction of both parties.

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Slovakia faces the same problems with oil supplies from Russia’s Lukoil as Hungary, which also faced problems with the ban on the transit of raw materials through Ukraine.

Hungary’s MOL owns Slovakia’s Slovnaft. Under the contract, Lukoil will deliver 4 million tons of crude oil this year.

Despite EU sanctions, crude oil from Russia, Hungary and Slovakia has been granted an exemption, and they will not have to abandon supplies via the Druzhba pipeline until 2025.