30 December 2022 | Other

Germany stops buying Russian oil on January 1, while Poland still remains

Germany and Poland are about to halt purchasing Russian oil by the end of this year. In this way, Germany already plans to replace some amount of oil with supplies from Kazakhstan. Poland, however, is not in a hurry yet to make a final decision, at least for the next couple of months.

These countries receive Russian oil through the Druzhba pipeline. The supplies through this pipeline are not covered by the EU embargo, but the two countries have pledged to stop further oil exports from Russia.

Poland seems to extend the trade contract with Russia next year. Igor Demin, a spokesman for the oil pipeline operator, said Transneft's oil shipment plan for January calls for 500,000 tons of Russian oil to be delivered to Poland via Belarus. The country's only oil refinery PKN Orlen said it was fulfilling the contracts for purchases from Russia.

Meanwhile, Germany aims to sign a contract with Kazakhstan. Kazakhstan's oil pipeline operator KazTransOil has requested Transneft for transit capacity to send 1.2 million tons of oil to Germany.

Company MarketCheese
Period: 27.09.2026 Expectation: 4650 pips
Invest in USDJPY up to its all-time high of 164.00
Today at 10:28 AM 19
Period: 30.09.2026 Expectation: 500 pips
Sell ​​GBPUSD down to 1.3540
Today at 09:22 AM 9
Gold buy
Period: 10.09.2026 Expectation: 300 pips
Buy gold with $4,900 in sight
Today at 06:54 AM 17
Period: 30.09.2026 Expectation: 250 pips
Buying EURUSD from 1.1650
Yesterday at 10:15 AM 25
Gold buy
Period: 30.09.2026 Expectation: 2500 pips
Invest in gold from $4,550
Yesterday at 10:15 AM 27
Brent sell
Period: 30.09.2026 Expectation: 250 pips
Brent crude sell-off targets $88.50
24 August 2026 46
Go to forecasts