Russian oil resumes through Druzhba, clearing way for €90 billion EU loan to Ukraine

Russian oil resumed flowing through the Ukrainian section of the Druzhba pipeline on Wednesday (22 April) for the first time since January, according to Reuters. The restart allowed Hungary to lift its veto on a €90 billion European Union loan package for Ukraine, which EU ambassadors approved in Brussels shortly afterwards. The European Union's 27 member states are now expected to formally sign off on it by Thursday (23 April) afternoon.

Hungarian oil company MOL said Ukraine had informed it that deliveries of Russian crude had restarted through the pipeline. An industry source cited by Reuters said that the first shipments expected to reach Hungary and Slovakia by Thursday at the latest.

The loan, intended to help maintain Ukraine’s liquidity through 2026 and 2027, had been blocked by Hungary and Slovakia. Both governments had linked their veto to the suspension of oil flows through Druzhba, accusing Ukraine of delaying repairs to the damaged pipeline. Kyiv denied the allegation.

The pipeline had been out of operation after a Russian drone strike caused damage in western Ukraine. Hungary and Slovakia remain among the EU countries most dependent on Russian oil.

Reuters also noted that Ukraine’s chances of securing the loan had already improved after Hungarian Prime Minister Viktor Orbán lost the parliamentary election on 12 April. His successor, Péter Magyar, has said he will no longer block EU funding for Kyiv once he takes office next month.

Source: commonspace.eu with Reuters

Related articles

Editor's choice
News
Andy Burnham pledges support for Ukraine on the day he became prime minister

Andy Burnham pledges support for Ukraine on the day he became prime minister

Andy Burnham is the new British prime minister. He was appointed at an audience with King Charles III at Buckingham Palace at lunchtime on Monday (20 July). On Friday, Burnham was unanimously declared leader of the Labour Party. Just before taking office, Burnham declared his full support for Ukraine. He said he will speak on the phone with president Zelenkiy later in the day to assure him of continued UK support for Ukraine.. Greeted by cheers and applause as he arrived at Number 10 Downing Street to make his maiden speech, Mr Burnham said he was “acutely conscious that I am the sixth person in the last ten years to walk up this street, the seventh prime minister since 2016.” Describing the moment as an opportunity for reflection, he said his generation of politicians needed to raise their game. “Britain needs to show the world that we can regain our stability again,” he said. “I know people at home are fed up with politics. I hear you, and I want to be honest with you,” he continued, “We have not been good enough and we need to be better.” Earlier, the Palace issued a formal notice saying Mr Burnham, 56, had met with the king and was requested to form a new administration. “Andrew Burnham MP accepted The King’s offer and kissed hands upon his appointment as Prime Minister and First Lord of the Treasury,” the notice said. Mr Burnham is the UK’s seventh prime minister in ten years - and the fifth in the last four years - after Borris Johnson left office in September 2022.

Popular

Editor's choice
Interview
Thursday Interview: Murad Muradov

Thursday Interview: Murad Muradov

Today, commonspace.eu starts a new regular weekly series. THURSDAY INTERVIEW, conducted by Lauri Nikulainen, will host  persons who are thinkers, opinion shapers, and implementors in their countries and spheres. We start the series with an interview with Murad Muradov, a leading person in Azerbaijan's think tank community. He is also the first co-chair of the Action Committee for a new Armenian-Azerbaijani Dialogue. Last September he made history by being the first Azerbaijani civil society activist to visit Armenia after the 44 day war, and the start of the peace process. Speaking about this visit Murad Muradov said: "My experience was largely positive. My negative expectations luckily didn’t play out. The discussions were respectful, the panel format bringing together experts from Armenia, Azerbaijan, and Turkey was particularly valuable during the NATO Rose-Roth Seminar in Yerevan, and media coverage, while varied in tone, remained largely constructive. Some media outlets though attempted to represent me as more of a government mouthpiece than an independent expert, which was totally misleading.  Overall, I see these initiatives as important steps in rebuilding trust and normalising professional engagement. The fact that soon a larger Azerbaijani civil society visits to Armenia followed, reinforces the sense that this process is moving in the right direction." (click the image to read the interview in full)