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Ukraine bans Russian oil from transiting, two Eastern European countries reject EU crude oil import alternatives

2024-08-03

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As Ukraine has suspended the transit of Russian oil company Lukoil through Ukrainian territory, Hungary and Slovakia are unable to receive oil from Lukoil. Recently, the two countries have been negotiating with Ukraine, the European Union and other relevant parties on this matter.On August 2, local time, Hungary and Slovakia announced that they rejected the EU's alternative plan to import crude oil through the Croatian oil pipeline, and called the EU's plan "unreliable".

In response to the previous representations made by Hungary and Slovakia, the European Commission stated on August 1 that the redundant capacity of Croatia's Adriatic pipeline is sufficient to provide the two countries with crude oil produced in other countries to make up for the current crude oil gap between the two countries. The EU also stated that the oil supply security of Hungary and Slovakia will not be immediately threatened, and the two countries should "actively get rid of their dependence on Russian fossil fuels and achieve the goal of energy diversification."

Faced with this "solution" given by the European Commission, Hungary and Slovenia immediately rejected it.Hungarian Foreign Minister Peter Szijjarto said Croatia has raised its crude oil transit prices by 1.3% since the outbreak of the Russia-Ukraine conflict.Five times, Croatia is not a "reliable" crude oil transit country. Slovak Foreign Minister Branar also expressed distrust of the EU plan, saying in a statement that "no one knows the future price and volume of crude oil."

In June this year, Ukraine strengthened sanctions against Russia's Lukoil and suspended the company's oil transit through Ukrainian territory. Prior to this, the southern branch of the "Friendship" pipeline could transport more than 100,000 tons of oil per month.1.1 million tonsof Russian crude oil, including900,000 tonsSupplied to Hungary and Slovakia.

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