- Oil has not been flowing through the southern route of Druzhba in Slovakia, to the Czech Republic and Hungary for several days, the Russian side cannot provide transit fees due to sanctions.
- Slovnaft operates without interruption, Slovakia is currently drawing on reserves which, according to information from June, should have been enough for about 120 days.
- Slovnaft and its parent company MOL want to provide Ukraine instead of Russia.
- Oil prices rose after the decline.
Flows of Russian oil to three Central European countries, including Slovakia, are suspended, mainly due to Western sanctions, for which Russia cannot provide transit fees. At a time when Europe is concerned about whether it will have enough energy, it has caused a turnaround in commodity markets and the price of oil has started to rise again after recent declines.
Oil stopped flowing through the southern branch of the Druzhba pipeline to Slovakia, Hungary and the Czech Republic already on Thursday, August 4, but Transneft, the Russian oil carrier, did not publish the information until Tuesday.
The payment for the August transit of oil, which the company sent to the Ukrainian company Ukrtransnafta in July, was returned to his account, the Russian carrier announced. According to Gazprombank, which is in charge of the payments, it was due to restrictions from the European Union.
Ban on accepting deposits from Russia
Sanctions do not apply to the Russian bank, but it has entered the game