22 December 2022 | Macroeconomics | CEOs

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.

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