Russian oil deliveries to the Czech Republic resumed

Russian oil deliveries to the Czech Republic resumed

Russian oil supplies to the Czech Republic resumed

Pipeline «Friendship» (file photo)   Russian oil supplies to the Czech Republic resumed

An almost ten-day blocking by the European Bank of payments for the transit of Russian oil has been lifted

The flow of Russian oil to the Czech Republic via the Druzhba pipeline resumed on Friday evening, after more than a week blocking payments for transit, the Czech pipeline operator MERO said.

Deliveries via the Druzhba pipeline to the Czech Republic, Hungary and Slovakia have been suspended since Aug. 4 as Western sanctions prevented Ukrainian oil pipeline company Ukrtransnafta from paying a transit fee, Russian pipeline monopoly Transneft said Tuesday.

The European Bank agreed to a transaction for the transit of Russian oil through Ukraine, lifting the block.

“Supplies of Russian oil via the southern branch of the Druzhba oil pipeline to the Czech Republic resumed today at 20:00,” MERO said in a statement.

Czech refinery Unipetrol, a division of the Polish PKN Orlen (PKN.WA) , confirmed that his refineries had started receiving oil through Druzhba again, adding that the week-long shutdown had not affected his operations.

right after the issue with the payment.

“We have found a way to unlock the payment of the transit fee for transporting oil through Druzhba, and the supply [of oil] will resume soon,” Sikela wrote on Twitter.

factories and the fuel market,” he added.

Supplies from Russia cover half of the Czech Republic's oil needs.

Oil supplies to Hungary and Slovakia were resumed on Wednesday after how Hungarian refinery MOL (MOLB.BU) and its Slovak division Slovnaft found a workaround to pay Ukrtransnafta themselves.

Central European countries are only partially dependent on Russian oil, but heavily dependent on Russian gas . They have secured their exclusion from the European Union's soon-to-be-imposed ban on Russian oil imports. This exemption will remain in place until these countries regulate oil shipping and processing routes that allow them to accept oil from other suppliers.