Ukraine’s sanctions against Russia’s largest oil exporter, Lukoil, have not affected the stability of the EU’s energy market, though Hungary has lost the opportunity to purchase Russian oil at prices below market value, reports Politico.
Hungary and Slovakia, with close ties to the Russian oil importer, reported energy shortages and called for EU intervention.
Hungary has benefited from special EU exemptions for the past two years, granting it access to Russian oil at significantly lower prices. In June, Ukraine disrupted this arrangement by blocking Lukoil’s oil deliveries…
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