Slovakia, Hungary rebuff EU call to replace lost Russian oil via Croatia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
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Should l Buy ?
Source: Reuters
Rejection of Alternative Oil Supply Proposal: Slovakia and Hungary have rejected the European Commission's suggestion to replace lost Russian oil supplies through Croatia, citing high costs and reliability concerns regarding transit through the JANAF pipeline.
Continued Search for Solutions: Both countries are seeking alternative solutions for oil supply, with Slovakia urging the Commission to negotiate reinstating flows from Russia, while Hungary criticizes Croatia for not investing in capacity improvements.
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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.
