Ukraine Eyes Ban on Russian Oil Transit After Gas Halt
Ukraine is set to extend its energy embargo against Russia, this time targeting oil exports to Europe. The move, proposed by a lawmaker from the opposition party "European Solidarity," could significantly impact European energy supplies.
Irina Gerashchenko, the party’s representative, announced the plans in her Telegram channel. The proposed legislation seeks to prohibit all forms of Russian oil transit through Ukraine, including the Druzhba oil pipeline. If enacted, the government would have three months to devise and implement a plan to halt all oil shipments.
The ban, if approved, would also apply to natural gas and remain in effect throughout Ukraine’s state of emergency. Currently, the Druzhba pipeline’s operations are contractually guaranteed until 2029. However, Ukraine aims to terminate the agreement unilaterally and immediately.
Eastern European nations, including Hungary and Slovakia, which rely heavily on Russian oil, are unlikely to welcome this decision. Earlier this year, Europe faced a severe gas crisis, with prices soaring and supplies dwindling. The looming winter season has raised concerns about a repeat of last year’s energy crisis.
This article is for informational purposes only and does not constitute legal or financial advice.
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