Ukraine’s sanctions on Russia’s Lukoil may result in fuel crisis in Hungary
Hungary is facing a fuel shortage following Ukraine’s decision to ban Russian oil passing through its territory.
In June, Kyiv imposed sanctions blocking the transit of pipeline oil from Lukoil to Central Europe to cut off the Kremlin’s source of income used to support its military. Yet, Ukraine’s ban does not apply to other Russian oil exporters who still use the pipeline.
The restrictions have created supply shortages in Budapest, which depends on Russia for 70% of its oil supply, with Lukoil providing half of that volume, according to Politico.
Following Ukraine’s move, Hungarian Foreign Minister Peter Szijjarto said this measure could threaten Hungary’s long-term energy security.
@Ukraine_Report ~ 4rrasoe 🇮🇩❤️🇺🇦🔱
Ukraine’s sanctions on Russia’s Lukoil may result in fuel crisis in Hungary
The restrictions have created supply shortages in Budapest, which depends on Russia for 70% of its oil supply, with Lukoil providing half of that volume, according to Politico.
View Source
