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Finance

Posted By Global Banking and Finance Review

Posted on February 7, 2025

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MOSCOW (Reuters) - Russia's oil transit through Ukraine's pipeline system declined by 15% in 2024 to 11.5 million metric tons (230,300 barrels per day), the Vedomosti newspaper said on Friday, citing two sources familiar with Russian energy ministry data.

Hungary accounted for 42% of supplies, which were steady last year, at 4.8 million tons. Exports to Slovakia fell 13% to 4 million tons, while deliveries to the Czech Republic fell to 2.7 million tons.

Russia's energy ministry did not immediately reply to a request for comment.

Russia supplies oil via Ukraine through the Soviet-built Druzhba pipeline, its southern spur linking Russian oilfields with refineries controlled by MOL, in Hungary and Slovakia and PKN Orlen in the Czech Republic.

The northern branch of the pipeline runs to Poland and Germany from Belarus.

Germany and Poland stopped purchases of Moscow's oil in 2023 over the conflict in Ukraine. Germany now receives oil from Kazakhstan via the route.

The Central Asian country exported 1.5 million tonnes of oil to Germany via Druzhba last year.

(Reporting by Vladimir Soldatkin; Editing by Clarence Fernandez)

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