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Deputy Prime Minister Novak: It will be difficult for Europe to replace Russian oil products in the context of the embargo KXan 36 Daily News

Date: November 29, 2023 Time: 02:40:52

“Let’s see what decisions they will make in the end. It is not yet clear to us what they will replace our fuel with,” said Novak, recalling that Europe has always been the main sales market for Russia, so some countries will probably ask. by an exception under the embargo.

A similar step was taken with regard to the embargo on Russian oil supplies by sea to EU countries, which came into force on December 5. For example, at the time, deliveries through the Druzhba pipeline were not subject to the restrictions, and certain processing companies in Bulgaria, the Czech Republic and Slovakia were also removed from the restrictions, Novak recalled.

“Even Germany and Poland, who announced they would give up Russian oil, have requested pumping by 2023,” Novak said.

Restrictions on the supply of Russian oil to EU countries were adopted in June this year as part of the sixth package of sanctions against the Russian Federation. It assumes that from December 5 an embargo on the maritime supply of oil from the Russian Federation begins to operate, from February 5 – on the supply of petroleum products, and then Western countries agreed to impose a ceiling on Russian oil prices.

The sanctions package contains exceptions: Bulgaria will be able to receive oil and oil products from Russia by sea until the end of 2024, Croatia will be able to buy diesel until the end of next year.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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