• Ukraine Threatens Oil Supplies To Hungary And Slovakia

    July 23, 2024
    2 Comments

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    The Ukrainian government has forced Lukoil, Russia’s second-largest oil producer, to halt oil transports to Hungary and Slovakia after being sanctioned by the Zelensky Regime. The sanction can be enforced because Lukoil’s oil transport flows through the Druzhba pipeline, which runs through Ukraine. Slovakia and Hungary have both confirmed that Lukoil transports have been stopped.

    Hungarian Foreign Minister Péter Szijjártó stated that gas shipments from Russia to Hungary were flowing unobstructed through the TurkStream pipeline on the Black Sea, but crude oil was no longer transferred by Lukoil via Ukraine. “Ukraine’s decision to halt the transit of Russian Lukoil oil to Hungary is both incomprehensible and unacceptable. Although temporary solutions have been implemented to stabilize Hungary’s oil supply, these measures will not suffice in the medium term. Therefore, a permanent solution must be found quickly.”

    Szijjártó added that Ukraine’s decision poses a serious threat to the long-term security of oil supplies to Hungary and Slovakia. “We have informed the Ukrainian authorities that this is an incomprehensible, unacceptable, and unfriendly decision on their part. Although they have shown willingness to rectify the situation, efforts have stalled somewhere along the line.”

    Szijjártó announced on Monday that Hungary and Slovakia have initiated a consultation process with the EU against Ukraine for halting oil supplies. Speaking in Brussels, he stressed that the Ukrainian decision jeopardizes energy security for both countries, given that they rely heavily on Russian oil via the Druzhba pipeline.

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    The Hungarian Foreign Minister emphasized that the halt in Lukoil shipments, which provide a significant portion of Hungarian and Slovakian oil imports, threatens the energy supply. Despite temporary solutions, long-term stability cannot be ensured without resolving this issue. He noted, “This decision is unacceptable and incomprehensible from a country aspiring to join the EU."

    He added that this move violates the EU-Ukraine Association Agreement, which prohibits disruption of energy transit. Hungary and Slovakia have jointly requested the European Commission to initiate a consultation process. If unresolved, the issue may escalate to arbitration, potentially impacting EU-Ukraine agreements.

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    Daniel

    Why wouldn't you expect Ukraine to act just like the United States?

    Guy M Daley

    This is revenge by the EU because Hungary and Slovakia aren't toeing the EU line on various issues. Hungary is like a rogue EU member and not kneeling before EU dictates on what they can and can't do as a sovereign nation.

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