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Russian oil supply to Europe via Ukraine, interrupted

9 August 2022
Import-Export
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Ukraine has suspended deliveries of Russian oil to three European countries, starting on August 4, when, due to Western sanctions, the Russian group Transneft could not carry out a bank transaction regarding the transit rights owed to Ukraine, Reuters reports.

In a press release published on Tuesday, Transneft, the Russian company responsible for the transportation of hydrocarbons, explained that it paid the transit rights for the month of August to the Ukrainian operator Ukrtransnafta on July 22, but the money was returned on July 28 because the payment has not been processed. The Russian bank Gazprombank, which brokered the transaction, explained that the money was returned due to the restrictions imposed by the European Union, according to Agerpres.

Consequently, the Ukrainian company UkrTransNafta “ceased to provide oil transport services via Ukrainian territory, starting on August 4”, Transneft said.

Thus, oil deliveries via a southern branch of the Drujba pipeline that passes through Ukraine and serves three European countries without access to the sea, Hungary, Slovakia and the Czech Republic. Have stopped. Russia normally supplies about 250,000 barrels per day to the three countries.

Instead, Russian oil deliveries to Poland and Germany, via another branch of the Drujba pipeline that passes through Belarus, “are proceeding normally”, Transneft stated.

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