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Russian oil supplies to Hungary have stopped!
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On 4 August, Russia’s Transnist shut down oil supplies on the Friendship II pipeline to Hungary, the Czech Republic and Slovakia, according to Russian and British news agencies. This means that the more economic Ural-type oil is no longer delivered to Hungary. This was confirmed by Mol as well. It is not yet known how long this challenging situation will last.
No more Russian gas
According to the Russian news agency Ria Novosti, the Russian pipeline monopoly Transneft confirmed that it stopped oil deliveries on the southern branch of the Friendship oil pipeline. This affects three countries – Hungary, Slovakia and the Czech Republic. On the northern branch, deliveries will resume to Belarus, Poland and Germany writes 444.hu.
The reason is “an issue around the settlement of transit fees”. The Ukrainian company explains that the seller did not receive the necessary amount.
Hungarian point of view
The root of the matter may be that Russia’s Gazprombank has failed to pay the transit fee, pointing the finger at Western sanctions. This is why transit on the Ukrainian pipeline section was stopped.
I’m sure the EU will be totally excited by the prospect of MOL acting as a payment agent for Transneft – paying the Russian company’s dues to Ukrtransnafta …
Fun fact: some oil companies already decided to curb or stop their exports to Hungary to avoid incurring losses due to the fuel price cap imposed by our Politicians.