LUKOIL has been under sanctions in Ukraine since 2018, but they are limited. In June 2024, the National Security and Defense Council expanded them, adding a travel ban.
The Russian company LUKOIL has stopped transporting oil to Hungary from the end of June 2024 after the National Security and Defense Council extended sanctions against it. Bloomberg reported this.
Lukoil has been under sanctions in Ukraine since 2018, but they are limited. It specified only the withdrawal of capital, restrictions on trade operations and prohibition of participation in the privatization or leasing of state property. In June 2024, the National Security and Defense Council expanded them, adding a travel ban.
According to Hungarian Foreign Minister Peter Szijjártó, there is now a legal situation in Ukraine according to which LUKoil does not provide supplies to Hungary. Work is carried out on a legal solution.
For the Hungarian company Mol, Russian supplies reportedly provide two-thirds of all crude oil, but it is possible that it will completely replace them from 2025.
We remind you that oil supplies from the Russian Federation have fallen the most since the beginning of the great war. It was previously reported that Russia will not receive money for oil due to sanctions.
Source: korrespondent
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