US EditionDruzhba pipeline is set to restart oil flows to Europe, potentially unblocking EU's Ukraine loan
Ukraine says the repair removes a major obstacle to a €90 billion EU loan, while Hungary and Slovakia await renewed crude flows.
- Ukrainian President Volodymyr Zelenskyy announced Tuesday that repairs on the Druzhba pipeline are complete, enabling the resumption of oil flows. Zelenskyy warned, however, that Russia may continue targeting the infrastructure.
- Repairing the pipeline was a contentious issue that delayed approval of a €90 billion European loan, as Hungary and Slovakia blocked funds while accusing Kyiv of deliberately obstructing Russian deliveries.
- The pipeline had been halted for two months following Russian strikes before specialists ensured basic conditions for restoring operation. Zelenskyy acknowledged that not all storage facilities will be restored immediately.
- Completing the repairs directly connects to unblocking the major European support package, which the European Council had already approved to support Ukraine's military and economic needs over the next two years.
- Russia is set to halt the transit of Kazakh oil to Germany via the Druzhba pipeline starting May 1, with export schedules reflecting this planned suspension already shared with both nations.
170 Articles
170 Articles
Flow of Russian Oil Unlocks $106B European Loan to Kyiv
Russian crude is moving again through the Ukrainian portion of a key pipeline, unlocking billions in European aid for Kyiv. Oil group MOL said Wednesday that shipments via the Ukrainian leg of the Druzhba ("Friendship") pipeline have resumed after months of disruption caused by a Russian drone strike in western...
Well, well, well . . . Ukraine declares Druzhba Pipeline repaired...
Ukraine announced Tuesday it completed repairs to the damaged Druzhba oil pipeline and stands ready to resume pumping Russian oil to Europe, a step Ukrainian officials expect will unlock a long-delayed EU aid package. The timing is quite interesting and surely not coincidental given that Hungary's newly elected PM Péter Magyar and his victorious Tisza party are now in Budapest rapidly preparing for the transfer of power in Hungary. Magyar just a…
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