Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Russian oil flows to Hungary and Slovakia halted after Ukrainian attack
    Headlines

    Russian oil flows to Hungary and Slovakia halted after Ukrainian attack

    Published by Global Banking and Finance Review

    Posted on August 18, 2025

    2 min read

    Last updated: January 22, 2026

    Russian oil flows to Hungary and Slovakia halted after Ukrainian attack - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:oil and gasenergy marketInternational tradefinancial marketseconomic growth

    Quick Summary

    Russian oil to Hungary and Slovakia halted after Ukrainian attack on a transformer station, affecting energy security.

    Table of Contents

    • Impact of the Oil Supply Suspension
    • Background on the Druzhba Pipeline
    • Reactions from Hungarian Officials
    • Ukrainian Response to the Incident

    Hungary and Slovakia Suspend Russian Oil Imports Following Attack

    Impact of the Oil Supply Suspension

    BUDAPEST (Reuters) -Russian crude oil flows to Hungary and Slovakia via the Druzhba pipeline were halted on Monday, officials in Hungary and Slovakia said, with Budapest blaming a Ukrainian attack on a transformer station.

    Background on the Druzhba Pipeline

    Unlike most other EU countries, Hungary has kept up its reliance on Russian energy since Moscow's invasion of Ukraine. It imports most of its crude via the Druzhba pipeline, which runs through Belarus and Ukraine to Hungary and also Slovakia.

    Reactions from Hungarian Officials

    Szijjarto wrote on Facebook that he had talked to Russian Deputy Energy Minister Pavel Sorokin who told him that experts were working to restore the transformer station, but it was unclear when deliveries would resume.

    Ukrainian Response to the Incident

    "This latest strike against our energy security is outrageous and unacceptable," Szijjarto wrote. He did not say when or where the attack took place.

    Ukrainian Foreign Minister Andrii Sybiha neither confirmed nor denied the account of the attack, but wrote on X that Hungary "can now send complaints" to Moscow, not Kyiv.

    "It is Russia, not Ukraine, who began this war and refuses to end it. Hungary has been told for years that Moscow is an unreliable partner. Despite this, Hungary has made every effort to maintain its reliance on Russia," Sybiha wrote.

    Slovak pipeline operator Transpetrol confirmed that the supply of oil to Slovakia through the Druzhba pipeline had stopped.

    "Our company does not know more information about the reason for the suspension, which is outside the territory of the Slovak Republic. Oil transportation through Slovak territory is ensured and carried out in accordance with the pumping plan," the company said.

    Ukraine's defence ministry and armed forces, and Hungarian oil company MOL, did not immediately respond to requests for comment.

    Last year Szijjarto said the Druzhba pipeline would remain Hungary's primary route for crude oil imports.

    Monday's suspension of oil deliveries comes after a temporary halt last week when Ukraine's military said on August 13 that its drones had hit the Uniecha oil pumping station in Russia's Bryansk region.

    (Reporting by Anita Komuves; Additional reporting by Yuliia Dysa and Vera Dvorakova in Gdansk; Editing by Andrew Heavens and Jan Harvey)

    Key Takeaways

    • •Russian oil supply to Hungary and Slovakia halted.
    • •Hungary blames Ukrainian attack on transformer station.
    • •Druzhba pipeline is a key route for Hungarian oil imports.
    • •Ukrainian officials neither confirm nor deny attack.
    • •Slovak operator confirms suspension but lacks details.

    Frequently Asked Questions about Russian oil flows to Hungary and Slovakia halted after Ukrainian attack

    1What is the Druzhba pipeline?

    The Druzhba pipeline is a major oil pipeline that transports crude oil from Russia to several countries in Europe, including Hungary and Slovakia.

    2What is crude oil?

    Crude oil is a natural, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used primarily for fuel and energy.

    3What is the impact of oil supply disruptions?

    Oil supply disruptions can lead to increased prices, economic instability, and energy security concerns for importing countries.

    4What is energy security?

    Energy security refers to the uninterrupted availability of energy sources at an affordable price, crucial for economic stability and growth.

    More from Headlines

    Explore more articles in the Headlines category

    Image for UK wants closer EU defence ties with potential bid to join new SAFE fund
    UK wants closer EU defence ties with potential bid to join new SAFE fund
    Image for Czechs rally to support president in his growing rift with government
    Czechs rally to support president in his growing rift with government
    Image for Portugal launches $3 billion package to help rebuild after storm Kristin
    Portugal launches $3 billion package to help rebuild after storm Kristin
    Image for Russian drone strike kills 12 miners in Ukraine's Dnipropetrovsk, officials say
    Russian drone strike kills 12 miners in Ukraine's Dnipropetrovsk, officials say
    Image for Death toll of Swiss New Year bar blaze rises to 41
    Death toll of Swiss New Year bar blaze rises to 41
    Image for Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    Image for Pope Leo urges US and Cuba to engage in sincere dialogue
    Pope Leo urges US and Cuba to engage in sincere dialogue
    Image for Factbox-Who is the Baloch Liberation Army behind Pakistan's Balochistan attacks?
    Factbox-Who is the Baloch Liberation Army behind Pakistan's Balochistan attacks?
    Image for Olympics - Pope Leo calls for peace initiatives during Milano Cortina Games
    Olympics - Pope Leo calls for peace initiatives during Milano Cortina Games
    Image for Russian drone strike kills 12 miners as Kyiv announces new talks
    Russian drone strike kills 12 miners as Kyiv announces new talks
    Image for Slovakia national security adviser resigns over Epstein files, denies wrongdoing
    Slovakia national security adviser resigns over Epstein files, denies wrongdoing
    Image for Russia's Medvedev says victory will come soon in Ukraine war
    Russia's Medvedev says victory will come soon in Ukraine war
    View All Headlines Posts
    Previous Headlines PostEuropean shares muted as markets await Ukraine talks after US-Russia summit
    Next Headlines PostShares in Novo Nordisk rise after Wegovy gets US nod for liver disease treatment