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Brussels tells Hungary and Slovakia to wean themselves off Russian oil

Financial Times LogoFinancial Times12h ago

Brussels tells Hungary and Slovakia to wean themselves off Russian oil - Financial Times

Quick Summary:

In a letter to Budapest and Bratislava seen by the Financial Times, EU trade commissioner Valdis Dombrovskis said that “diversification away from Russian fossil fuels should be actively pursued”.

He added that at a meeting last week to discuss the issue by representatives of all member states “a significant number . . . questioned why Hungary and Slovakia had apparently not yet explored alternatives so far”.

But Dombrovskis said they could use an existing pipeline bringing shipborne crude from Croatia.“The commission’s current analysis points to an adequate capacity for Hungary and Slovakia via alternative pipelines such as the Janaf Adriatic pipeline.


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Article Details

Author / Journalist: Andy Bounds

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-01 @ 14:10:38 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21886956

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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