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 readLast updated: January 26, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on February 7, 2025
1 min readLast updated: January 26, 2026
In 2024, Russia's oil transit via Ukraine's pipeline dropped 15%, affecting exports to Hungary, Slovakia, and the Czech Republic.
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)
The article discusses the 15% decline in Russia's oil transit through Ukraine in 2024 and its impact on European countries.
Germany and Poland ceased purchasing Russian oil in 2023 due to the conflict in Ukraine.
Hungary, Slovakia, and the Czech Republic are affected by the reduced oil transit.
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