By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
  • World
  • Business
  • Technology
  • Sports
  • Lifestyle
Search
Countries
More Topics
  • Health
  • Entertainment
Site Links
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: EU waiting for Hungary and Slovakia to provide more information on oil dispute with Russia
Share
Notification Show More
Latest News
Former EU foreign policy chief detained in anti-fraud probe
World
How it’s shaping a knowledge-driven future
Gulf
HONOR’s Magic8 Pro set to redefine night shots with 200MP AI camera
Business
Meta poaches Apple design exec Alan Dye to lead new creative studio in Reality Labs
Technology
Doha Forum is held amid regional, international circumstances requiring concerted efforts: Amir
Gulf
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Search
  • Home
  • Gulf
  • Business
  • More News
    • World
    • Technology
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > World > EU waiting for Hungary and Slovakia to provide more information on oil dispute with Russia
World

EU waiting for Hungary and Slovakia to provide more information on oil dispute with Russia

News Room
Last updated: 2024/08/01 at 5:26 PM
News Room
Share
3 Min Read
SHARE

The European Commission is closely monitoring the oil supply situation between Slovakia, Hungary, and Ukraine following Kyiv’s sanctions against Russian oil firm Lukoil. The two countries have been receiving oil through the Druzhba pipeline, prompting concerns about potential shortages after the sanctions were imposed. While there is no immediate risk of shortages, further details are needed to confirm that oil transit operations will not be affected by the sanctions.

Ukraine’s Prime Minister has criticized Slovakia and Hungary for their response to the sanctions, accusing them of being highly politicized and manipulative. He emphasized that the real threat to these countries comes from Russia and commended the EU Commission for supporting countries that are diversifying their energy sources. The EU executive has concluded that there is no need for urgent consultations at this time, as preliminary analysis suggests that missing volumes from Lukoil have been replaced by other suppliers through the same pipeline.

European officials have emphasized the need to maintain security of oil supplies in the region, particularly as winter approaches. Only a small percentage of Europe’s crude oil supplies come from Russia, and alternative pipeline routes have sufficient capacity to meet the needs of Slovakia and Hungary. Both countries have requested intervention from the EU executive under the EU-Ukraine Association Agreement, which was signed to deepen political and trade ties between the EU and Ukraine.

The ongoing dispute over oil transit underscores broader diplomatic tensions between Brussels and Budapest, particularly regarding Hungary’s stance on sanctions against Russia and aid to Ukraine. Hungary’s foreign minister has accused the EU Commission of being weak and incapable of defending the interests of member states, suggesting that the oil squeeze may have been created to pressure Hungary and Slovakia. Until the issue of oil transit is resolved, Hungary has threatened to block military aid to Ukraine through the European Peace Facility.

As the situation evolves, the European Commission continues to seek further details from Slovakia and Hungary to ensure the uninterrupted flow of oil supplies through the Druzhba pipeline. The Commission remains committed to supporting EU countries in diversifying their energy sources and mitigating potential disruptions in the oil market. While the immediate security of supply concerns have been addressed, ongoing dialogue between all parties involved will be crucial to maintaining stability in the region’s energy sector.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room August 1, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article GST collections in India increase by 10.3% year-on-year in July
Next Article Qatari duo Younesse and Tijan aim to maintain flawless record
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Former EU foreign policy chief detained in anti-fraud probe
World December 6, 2025
How it’s shaping a knowledge-driven future
Gulf December 6, 2025
HONOR’s Magic8 Pro set to redefine night shots with 200MP AI camera
Business December 6, 2025
Meta poaches Apple design exec Alan Dye to lead new creative studio in Reality Labs
Technology December 6, 2025

You Might also Like

World

Former EU foreign policy chief detained in anti-fraud probe

December 6, 2025
World

Europe must up pressure on Russia, ministers say after Moscow talks

December 6, 2025
World

EU members seek fewer ‘Solidarity Pool’ relocations of asylum seekers

December 6, 2025
World

With reparations loan for Ukraine, the EU defies both Putin and Trump

December 6, 2025
World

Russian gas and oil in Europe done for good, Energy Commissioner says

December 6, 2025
World

Macron’s proposed ‘label’ for trustworthy media taken out of context

December 5, 2025
World

Reparations loan is ‘very fragile’ and risky, Euroclear warns

December 5, 2025
World

Where in Europe is Trump the most popular?

December 5, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?