19:53 24.07.2024

Hungary ready to respond to cessation of Russian pipeline oil supplies through Ukraine

2 min read
Hungary ready to respond to cessation of Russian pipeline oil supplies through Ukraine

Budapest will stop contributing funds to the arms purchase fund for Ukraine until Kyiv restores the transit of Russian oil through its territory.

According to Head of the Hungarian Foreign Ministry Peter Szijjártó said the Bulgarian National Radio, this is about an amount of EUR 6.5 billion.

The radio said this is probably the first step towards legal proceedings that Budapest is ready to begin against Kyiv. Slovakia, which also suffered from this step, can also join it.

Meanwhile, as Head of the board of NJSC Naftogaz Ukraine Oleksiy Chernyshov said, the transit of Russian oil to the European Union currently taking place through Ukraine undoubtedly takes into account the decisions of the National Security Council on sanctions against the Russian company LUKOIL, but its volume remains standard, which means replacing the resource of the sanctioned company with oil from other owners.

"LUKOIL is under sanctions and the point is that Ukrtransnafta does not transport its oil. At the same time, transit volumes in July, after the application of sanctions, remain standard. This means that there is no LUKOIL oil there, but there is oil from other owners," he said in a comment to Energoreform on Tuesday.

According to Chernyshov, Ukrtransnafta will continue to transit oil in accordance with the decisions made.

"If this continues [there will be no resource from sanctioned companies], then we are ready to continue transit. I hope its volumes will be the same in the future," the head of Naftogaz Ukrainy said.

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