Wednesday, December 7

Russian Oil Supply Through Ukraine Cut Off Due To Sanctions


  • In a statement, the Transneft company explains that its payment for the right of transit through Ukraine for the month of August, made on July 22, was rejected on July 28 as a result of the entry into force of some sanctions against Russia.

The Russian oil supply to several European countries through Ukraine was interrupted after the denial of a bank transaction due to sanctions imposed on Moscow, the Russian company in charge of the pipeline announced on Tuesday.

In a statement, the Transneft company explains that its payment for the right of transit through Ukraine for the month of August, made on July 22, was rejected on July 28 as a result of the entry into force of some sanctions against Russia.

Consequently, the Ukrainian company UkrTransNafta “stopped providing services for the oil transportation through the Ukrainian territory from August 4,” Transneft said.

It is about the supplies through a branch of the Druzhba pipeline and that connects with three European countries without access to the sea: Hungary, Slovakia and the Czech Republic. Deliveries to Poland and Germany, via another branch from Druzhba passing through Belarus, “are continuing as normal,” Transneft said.

military offensive

Despite the military offensive carried out by Russia since the end of February, oil and gas from that country continues to transit through Ukraine towards the European Union, several of whose members are highly dependent on Russian hydrocarbons.

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The EU adopted in June a progressive embargo on Russian oil that provides for the cessation of imports of crude oil by ship within six months.

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Instead, the supply through the Druzhba pipeline was authorized to continue “temporarily” without a deadline, in a concession to Hungarian Prime Minister Viktor Orban, close to Russian President Vladimir Putin and whose country depends on 65% of its consumption of cheap Russian oil.


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