Hungary's foreign minister accuses EU of disrupting oil supplies from Russia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 24 2024
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Should l Buy ?
Source: Reuters
Hungary's Accusations Against the EU: Hungary's foreign minister claims that the European Commission's refusal to mediate in a dispute over blocked Russian oil supplies indicates that Brussels is orchestrating the stoppage, which has affected oil flow from Ukraine to Slovakia and Hungary.
Ongoing Oil Supply Concerns: Despite the sanctions on Russian oil producer Lukoil, the Druzhba pipeline continues to operate, supplying oil to Hungary and Slovakia, while Hungarian officials are negotiating to ensure crude oil flows from Russia.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
