Thursday, February 22

Minister: Russian Oil Flows to Slovakia will be Resumed

Russia’s oil supply via the Druzhba oil pipeline to Slovakia will resume on Wednesday. Slovak Economy Minister Richard Sulik said this during a press conference.

Last week, the Ukrainian oil transport company Ukrtransnafta decided to stop the supply through the Druzhba oil pipeline. This pipeline runs from Russia via Ukraine to Hungary, Slovakia, and the Czech Republic. According to the minister, the interruption was caused by a Western bank refusing to process a transit fee paid by Russia to Ukraine because of sanctions against Russia.

The Russian operator of the Transneft pipeline is said to have paid Ukrtransnafta but was refunded a week later. According to Transneft, national governments had to approve cross-border payments from Russia.

The contract between Transneft and Ukrtransnafta requires 100 percent prepayment for the oil transit. Refineries from Slovakia and Hungary have since offered to make the payments directly to Ukrtransnafta to resolve the dispute.

According to the Slovak minister, Ukraine has stated that oil will be resupplied through the southern part of the pipeline once the country has received the money from Slovnaft for the oil transit.

Hungary’s largest refinery, Mol Nyrt, also says it has transferred the fee for using the Ukrainian part of the pipeline. According to the Russian state news agency RIA, Transneft also stated that oil would again flow through the southern part of the pipeline on Wednesday.

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