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Ukraine's Naftogaz states situation around Lukoil materials is politicised

The fallout from a Ukrainian ban on the transit of oil from Russia's Lukoil's is politicised and Hungary and Slovakia got the very same volume of oil in July as before the restriction, the head of Ukraine's Naftogaz said on Tuesday.

Ukraine in late June imposed sanctions against Lukoil, prohibiting it from any activity on Ukrainian territory and stopping its oil from passing to Slovak and Hungarian refineries.

Slovakia said last month that it would halt diesel supplies to Ukraine unless Kyiv restored oil circulations from Lukoil.

This scenario is being politicised from the outside, we can see that. We see public appeals from the leaders of Hungary and Slovakia, along with threats to cut off fuel and electrical energy products, Oleksiy Chernyshov informed Ukraine's NV media service.

Chernyshov said that more than 1 million tons of oil were carried through Ukraine in July, the same as a month earlier.

Ukraine has actually argued that volumes are not impacted by Ukrainian sanctions, as trading business take control of ownership at the Russian-Ukrainian border.

They got the exact same amount of oil, however the structure of its owners may differ, Chernyshov said, without offering ownership details.

Following Russia's 2022 intrusion, the EU restricted oil imports to its member states, but excused supplies to Hungary, Slovakia and the Czech Republic via the Druzhba pipeline to enable them to find alternative paths and materials.

The southern branch of the pipeline runs via Ukraine to the Czech Republic, Slovakia and Hungary, and has actually been the primary source of supply for their refineries for many years.

Sanctions versus Lukoil began to work at the end of June, but Hungary and Slovakia did not report supply issues until mid-July. The Slovak pipeline operator Transpetrol has said that nominations for August shipments through its system which products Slovak and Czech refineries was for 805,000 lots.

(source: Reuters)