Ukraine to resume Russian oil transit to Europe in 2025 15:25

The head of the office of Ukrainian President Vladimir Zelensky, Mikhail Podolyak, said that Ukraine will continue the transit of Russian oil to Europe until the end of 2029. His words were quoted by Forbes Ukraine.

“Ukraine has fully fulfilled and will fulfill its contractual obligations until the anticipated completion date of such contracts,” he said.

Before that, in the broadcast of “Novini.Live” Podolyak statedIt was stated that the transportation of oil from Russia to the EU countries via the Druzhba oil pipeline will be stopped as of January 1, 2025.

In 2019, Ukraine’s Ukrtransneft and Russia’s Transneft signed a ten-year oil transit agreement. During this period, Ukraine is expected to receive $1.5 billion in revenue from fuel pumping, which translates to an average of $150 million per year. According to Bloomberg, Russia earns about $6 billion annually from oil supplies passing through Ukraine.

Ukraine before this rejected The agreement on gas transit from the Russian Federation to Europe will expire at the end of 2024.

Previously reportedHe said the EU was preparing an ultimatum to Kiev regarding the transit of Russian gas.

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Source: Gazeta

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