Slovakia is seeking an exemption from EU sanctions to continue refining Russian oil
news.online.ua
Thu, 14 Nov 2024 22:11:00 +0200
Slovakia wants to process Russian oilThis was stated by the Minister of Foreign Affairs of Slovakia Juraj Blanar.Slovakian oil refinery Slovnaft AS, owned by Hungarys Mol Nyrt., processes Russian oil into fuel for shipment to the Czech Republic and wants to continue doing so after an exemption from sanctions expires on Dec.
5.Without the extension of the permit, the use of Russian oil will be limited to supplies to the Slovak market.The refinery, like Mol, is expanding its capacity to process other types of oil, although the full transition will take years.
If Slovnaft AS is unable to process Russian oil, it will have enormous consequences, Blanar said in Budapest on Thursday after meeting with his Hungarian counterpart Peter Szijjrt.
According to him, the Russian Federation was a reliable partner.
Read also The EU will prepare new sanctions against Russias shadow fleet by the end of the year BloombergEU sanctions against Russian oilThe EU imposed sanctions on Russian oil after Moscows invasion of Ukraine in 2022, although Slovakia and neighboring Czechia and Hungary won exemptions until they switch to other oil sources.
Russian oil supplied by the Druzhba pipeline is cheaper than alternative flows, making this transition difficult.In 2022, Bulgaria, Hungary, the Czech Republic and Slovakia received temporary exemptions from the ban on the import of oil and oil products from Russia introduced by the European Union.In particular, EU member states that are particularly dependent on Russian pipeline oil can take advantage of temporary exemptions and continue to receive crude oil through pipelines.
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