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Russia shut off the oil “faucet” through Ukraine to three European countries

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In a statement, Transneft explains that its payment for transit rights through Ukraine for the month of August, which was made on July 22, was rejected on July 28 because certain sanctions against Moscow came into force.

The deliveries of Russian oil to three European countries via Ukraine were interrupted after a bank transaction was rejected due to sanctions against Moscow, the Russian company responsible for transporting hydrocarbons announced today.

In her announcement, Transneft explains that its payment for transit rights through Ukraine for the month of August, which was made on July 22, was rejected on July 28 because certain sanctions against Moscow came into force.

Consequently, the Ukrainian company UkrTransNafta “ceased from August 4 to provide services for the transportation of oil through Ukrainian territory“, reports Transneft.

These are deliveries through a branch of the Druzhba pipeline that passes through Ukraine and serves three landlocked European countries, the Hungary, Slovakia and the Czech Republic.

Deliveries to Poland and Germany, via another branch of the Druzhba that passes through Belarus, “continue smoothly,” Transneft said.

Despite Moscow’s military offensive in Ukraine since late February, Russian oil and natural gas continue to flow through Ukraine to the European Union, whose members are heavily dependent on Moscow’s hydrocarbons.

The EU adopted in June a gradual embargo on Russian oilmainly providing for the termination within six months of crude oil imports by ships.

Supplies through the Druzhba pipeline were instead allowed to continue “temporarily”, with no end date set, a concession won by Hungarian Prime Minister Viktor Orbán, who cultivates relations with Vladimir Putin and whose country is 65% dependent from this cheap Russian oil.

RES-EMP

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