Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & 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.

    1. Home
    2. >Finance
    3. >Russia's oil transit via Ukraine down 15% in 2024, Vedomosti says
    Finance

    Russia's Oil Transit via Ukraine Down 15% in 2024, Vedomosti Says

    Published by Global Banking & Finance Review®

    Posted on February 7, 2025

    1 min read

    Last updated: January 26, 2026

    Add as preferred source on Google
    This image illustrates the decline of Russia's oil transit through Ukraine by 15% in 2024, highlighting key statistics and impacts on regional supplies. The article details shifts in oil exports to Hungary, Slovakia, and the Czech Republic.
    Decline in Russia's oil transit via Ukraine in 2024 - 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

    Quick Summary

    In 2024, Russia's oil transit via Ukraine's pipeline dropped 15%, affecting exports to Hungary, Slovakia, and the Czech Republic.

    Russia's Oil Transit Through Ukraine Declines by 15% in 2024

    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)

    Key Takeaways

    • •Russia's oil transit via Ukraine fell by 15% in 2024.
    • •Hungary received 42% of the oil supplies.
    • •Exports to Slovakia decreased by 13%.
    • •Deliveries to the Czech Republic reduced to 2.7 million tons.
    • •Germany and Poland stopped buying Russian oil in 2023.

    Frequently Asked Questions about Russia's oil transit via Ukraine down 15% in 2024, Vedomosti says

    1What is the main topic?

    The article discusses the 15% decline in Russia's oil transit through Ukraine in 2024 and its impact on European countries.

    2Why did Germany and Poland stop buying Russian oil?

    Germany and Poland ceased purchasing Russian oil in 2023 due to the conflict in Ukraine.

    3Which countries are affected by the decline in oil transit?

    Hungary, Slovakia, and the Czech Republic are affected by the reduced oil transit.

    More from Finance

    Explore more articles in the Finance category

    Image for UK's RS Group forecasts annual profit marginally ahead of market view
    UK's Rs Group Forecasts Annual Profit Marginally Ahead of Market View
    Image for Spanish gambling group Codere to go on sale for $2.3 billion, Expansion reports
    Spanish Gambling Group Codere to Go on Sale for $2.3 Billion, Expansion Reports
    Image for UK's ASOS posts 50% profit surge on cost-focussed revamp
    UK's Asos Posts 50% Profit Surge on Cost-Focussed Revamp
    Image for UK inflation holds at 3.0% in February
    UK Inflation Holds at 3.0% in February
    Image for Fastweb + Vodafone terminates agreement with INWIT
    Fastweb + Vodafone Terminates Agreement With Inwit
    Image for Asia looks to COVID-era playbook to tackle fuel crisis
    Asia Looks to COVID-era Playbook to Tackle Fuel Crisis
    Image for Analysis-Western powers were unable to secure shipping in the Red Sea. Hormuz will be harder
    Analysis-Western Powers Were Unable to Secure Shipping in the Red Sea. Hormuz Will Be Harder
    Image for Air Liquide executive: will allocate helium volume from other places in the world
    Air Liquide Executive: Will Allocate Helium Volume From Other Places in the World
    Image for Blaze at Russia's Baltic Sea port of Ust-Luga after major Ukrainian drone attack
    Blaze at Russia's Baltic Sea Port of Ust-Luga After Major Ukrainian Drone Attack
    Image for Morning Bid: Deal, or no deal?
    Morning Bid: Deal, or No Deal?
    Image for Labubu maker Pop Mart meets 2025 revenue expectations
    Labubu Maker Pop Mart Meets 2025 Revenue Expectations
    Image for Israel strikes Tehran as Trump says US negotiating to end war
    Israel Strikes Tehran as Trump Says US Negotiating to End War
    View All Finance Posts
    Previous Finance PostSingapore Banks to Post Higher Q4 Profit, but Trump Tariffs Could Hurt 2025 Growth
    Next Finance PostDanske Bank Shares up 7% on Earnings Beat, Dividend