22 December 2022 | Other

Slovakia was allowed to export products from Russian oil

Despite the agreed sanctions, the European Union (EU) has allowed Slovakia to export oil products from Russian fuel. This was reported this Wednesday by the Reuters news agency, referring to Karel Hirman, Slovakia's Economy Minister.

The exception was made for Slovakia's main oil refinery, the Slovnaft company.

According to Hirman, the refinery of Slovnaft will be excluded from the sanctions regime, which will take effect after February 5.

Today, almost 100% of crude oil is transported to the country via the Druzhba oil pipeline. However, it is planned to reduce this figure to 60% in the coming year in order to leave the possibility for exports to other markets.

In addition, the Russian pipeline operator Transneft received requests from Poland and Germany to pump oil through the Druzhba pipeline, which has recently become known. Warsaw requested 360 thousand tons for the current month and 3 million tons for 2023. The application from Germany was received for the first three months of the coming year. Previously, there were applications from these countries with refusals to supply from Russia.

Company MarketCheese
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
Yesterday at 10:05 AM 28
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
Yesterday at 08:08 AM 28
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
03 July 2025 53
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
03 July 2025 145
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
02 July 2025 78
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
02 July 2025 55
Go to forecasts