EU and Ukraine Dismiss Hungary Oil Scare, Saying Transit is Fine
- Commission says oil supply security unaffected by Ukraine move
- Kyiv says Litasco is not affected by the Ukrainian sanctions
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The European Union rebuffed concerns from Hungary and Slovakia over a decision by Ukraine to sanction a major Russian oil company and rejected for now their request for urgent consultations over the security of crude supplies.
European Commission Vice President Valdis Dombrovskis notified Hungary and Slovakia on Thursday that a preliminary analysis shows sanctions Ukraine introduced on Russia’s Lukoil PJSC in June don’t affect transit operations carried out by trading companies via the Druzhba pipeline as long as Lukoil isn’t the formal owner of the oil.