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Russia Says Ukraine Suspended Oil Flows To Europe Due To Sanctions

August 09, 2022

Ukraine has suspended Russian oil flows to three European nations as of August 4 because the transit payment cannot be processed due to sanctions, Russia's pipeline monopoly company said.

Transneft said on August 9 that the situation had affected deliveries to the Czech Republic, Hungary, and Slovakia.

According to the company, it made payments for the August oil transit to Ukraine's pipeline operator Ukrtransnafta on July 22, but the payment did not go through and, therefore, the money bounced back.

Gazprombank, which handled the payment, said the money was returned because of European Union restrictions, adding that oil deliveries to Poland and Germany via Belarus were under way "as usual."

Russia has already reduced gas pipeline flows to many EU member-states, citing problems with turbine maintenance on the Nord Stream 1 pipeline as well as sanctions against some buyers whom Moscow has officially recognized as "unfriendly."

Since the Kremlin launched its ongoing unprovoked invasion of Ukraine on February 24, the West has imposed unprecedented sanctions on Russia, cutting the country off from international financial institutions.

The European Union has been looking for ways to reduce its dependence on Russian energy resources and has agreed to ban more than two-thirds of Russian oil imports.

The United States banned Russian oil and gas days after Russia launched its wide-scale aggression against Ukraine.

Based on Reporting by Interfax, TASS, Reuters, and AFP

Source: https://www.rferl.org/a/russia-ukraine-oil-flows- suspended/31980461.html

Copyright (c) 2022. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.