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Lukoil Loophole: Kyiv and Budapest Reach Oil Transit Agreement
Ukraine will continue to allow Russian oil through its territory at a higher price, provided Hungary buys the commodity before it enters the country.
Ukraine will continue to allow Russian oil through its territory at a higher price, provided Hungary buys the commodity before it enters the country.
Robert Fico’s sovereigntist government says the EU is delaying assistance to its member states in Ukraine oil dispute.
Moscow is set to bring in $15 billion more than expected; aims ‘to inflict pain’ on West, expert says.
“Ukraine should just blow up the pipeline and likely destroy Hungarian [Prime Minister] Viktor Orban’s industry, which is based heavily on Russian oil,” Zelensky said, according to the leaked intelligence documents.
Japan has struggled to wean itself off Russian energy imports and made the decision with the prior approval of the United States.
The possibility of circumvention is not a bug but a feature of Western sanctions, experts believe, as Russia continues to make money using backdoors and loopholes.
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