Sanctions on Russian Lukoil have not decreased oil supply to Hungary and Slovakia

The volume of oil supplies to Hungary, Slovakia and Czechia remained at the previous months' levels despite Ukraine's sanctions against the oil transit of Russian company Lukoil.

Source: Oleksii Chernyshov, Chairman of the Board of Naftogaz, Ukrainian state-run national oil and gas company, in an interview with NV

Details: Chernyshov said that a contract for oil transit to Hungary, Slovakia and Czechia is currently in effect between Ukrtransnafta, an operator of the Ukrainian main oil pipeline system, and Russia's Transneft, the equivalent company in Russia.

"The volume of supplies in July, by the way, remained at the level of previous months," he said.

Chernyshov stressed that oil refining in Czechia, Hungary and Slovakia has not changed after the sanctions against Lukoil, a major Russian oil and gas company.

"They received the same volume of oil, but the structure of its owners may differ," he added.

Background:

• On Monday, 29 July, Slovak Prime Minister Robert Fico met with Ukrainian Ambassador Myroslav Kastran and threatened consequences if Kyiv did not resume the transit of Russian Lukoil oil.
• Hungary is seeking to resolve the problem with Lukoil's transit through Ukraine to prevent stock-outs and fuel shortages.
• Finally, the European Union rejected Hungary and Slovakia's request for urgent consultations in connection with Ukraine's decision to ban oil transit from a major Russian supplier.

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