The EC will “spare” supplies through the “Druzhba” for the sake of Hungary’s consent to the embargo

Bloomberg: The European Commission has proposed to postpone the ban on oil supplies through the “Druzhba” The EC has proposed to postpone restrictions on oil imports via the pipeline to settle differences with Hungary, blocking the embargo on Russian raw materials. EU proposes to abandon oil imports by sea in six months “EC will “spare” deliveries through Druzhba for the sake of Hungary's consent to the embargo” />

The European Commission sent the governments of the EU countries a revised proposal for new sanctions against Russia, oil supplies through the Druzhba pipeline— Hungary's main source of crude oil imports, according to Bloomberg, citing people familiar with the matter.

EU member states will gradually stop importing oil shipped by sea in six months, and petroleum products— eight months later, the interlocutors said. This will give Hungary, which opposes the oil embargo, more time to find a solution to meet its energy needs. It will also solve the problems of other landlocked countries, including Slovakia and the Czech Republic, according to Bloomberg.

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Under the revised proposal, Bulgaria would be given a transitional period until June or December 2024, with an exception for Croatia to be able to import vacuum gas oil. The EC has also proposed to limit the re-export of Russian oil supplied via the pipeline to other EU member states or third countries.

EU ambassadors are due to meet on Sunday to discuss the EC proposal.

In order for the sixth package of sanctions to be approved and enter into force, the support of all EU member states is needed. Several countries have previously opposed the separation of sea and pipeline supplies due to fears that it will be unfair, as it will disproportionately hit supplies.

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Earlier, the EU proposed to completely abandon the import of Russian oil by the beginning of next year. Hungary and Slovakia were given a delay until the end of 2024, and the Czech Republic— until June 2024.

Oil pipeline “Friendship” was built in the 1960s. It follows from Samara to Mozyr (Gomel region of Belarus), after which it is divided into two branches — north and south. The first goes through the territory of Belarus, Poland, Germany, Latvia and Lithuania, the second — on the territory of Ukraine, the Czech Republic, Slovakia, Hungary and Croatia. The total length of pipelines — 8900 km.

Earlier, Bloomberg reported that the EU may make an exception for the Druzhba oil pipeline to settle differences with Hungary, which is blocking an embargo on Russian raw materials. Oil supplies through this pipeline were proposed to be released from the embargo for a certain time, which would allow “Hungarian Prime Minister Viktor Orban to buy time to agree on the technical details of the gradual cessation of supplies through the pipeline to his country.”

Hungarian Foreign Minister Peter As a compromise, Szijjarto suggested that the EU impose an embargo on offshore supplies of Russian oil, which account for most of the raw materials imported into the EU.

The Kremlin, speaking about a possible embargo on Russian oil by the EU, warned that such a decision “hit everyone.” According to Russian Deputy Prime Minister Alexander Novak, in the event of a ban, world prices for this raw material could jump to $300 per barrel. If this happens, Russia is ready to expand sea supplies. Moreover, the flows began to be redirected from west to east, to Asian markets, he said.

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