Hungary Welcomes Deal To End Russian Oil Spat With Ukraine

Hungary and Slovakia accused Kyiv of endangering their energy security by barring Russian energy giant LUKoil from using the Ukrainian section of the Druzhba pipeline. (file photo)

Hungary's government on September 10 welcomed a deal reached by energy company MOL aimed at guaranteeing the supply of Russian oil through Ukraine after Kyiv restricted transit. In July, Hungary and Slovakia accused Kyiv of endangering their energy security by barring Russian energy giant LUKoil from using the Ukrainian section of the Druzhba pipeline. But MOL announced on September 9 that it had reached a "sustainable solution" securing the transportation of oil to the two countries by concluding agreements with suppliers and pipeline operators. As part of the deal, MOL said it would "take over ownership of the affected volumes of crude oil at the Belarus-Ukraine border" from September 9. It added that the updated arrangements complies with EU sanctions.