Oil deliveries from Ukraine to the Czech Republic were

Oil deliveries from Ukraine to the Czech Republic were


A European bank has agreed to process a payment related to the transit of Russian oil through Ukraine, eliminating the reason for stopping oil deliveries to Central Europe, several sources at Slovakian company Slovnaft and close to the file told Reuters.

If confirmed by all parties, making this payment will be a step forward towards the resumption of oil deliveries to the Czech Republic after a week-long shutdown, and will also set the stage for future payments to ensure the transit of oil in the region.

Deliveries were suspended due to Western sanctions imposed on Russian banks

On Tuesday, Ukraine suspended deliveries of Russian oil to three European countries (Hungary, Czech Republic and Slovakia) through the Drujba pipeline, after the Russian group Transneft could not pay the transit rights for the month of August owed to the Ukrainian operator UkrTransNafta. The company Transneft explained that it paid the transit rights for the month of August to the Ukrainian operator UkrTransNafta on July 22, but the money was returned on July 28 because the payment was not processed, due to Western sanctions imposed on Russian banks.

The Hungarian company MOL found a solution for the resumption of oil deliveries to Hungary and Slovakia, less to the Czech Republic

Russian oil deliveries to Hungary and Slovakia resumed on Wednesday after Hungarian oil group MOL and its Slovakian division Slovnaft found a solution by assuming payments for transit tariffs owed by Russia to Ukraine.

In contrast, Russian oil deliveries to the Czech Republic have not yet resumed.

Subsequently, the payment to the Czech Republic was unblocked, and starting tomorrow, oil deliveries to the Czech Republic will resume

In his opinion, “According to our information, the bank reversed its initial decision to block the transit rights payment and finally agreed to process the payment. This confirms that the developed model is functional and can act as a long-term solution”, said Slovnaft’s spokesperson, Anton Molnar.

Another source close to this file revealed that the payment has been unblocked by the Dutch banking group ING and oil deliveries to the Czech Republic will resume on Saturday.

Therefore, Central European countries are partially dependent on Russian oil and heavily dependent on Russian natural gas and have managed to obtain exemptions from the imminent embargo that will be imposed by the European Union on Russian oil imports until they adjust their supply routes and refineries for other types of oil.