Ukraine turns to EU as Russian invasion cuts off regular fuel supplies

Financial Times LogoFinancial Times2 mo ago

Ukraine turns to EU as Russian invasion cuts off regular fuel supplies

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A few days into Russia’s invasion of Ukraine in February, Kats had watched helplessly as an air strike hit a fuel depot he owns just south of Kyiv.

Serhiy Kuyun, head of energy consultancy A-95, said the number of diesel fuel suppliers has more than doubled in the last month, though propane-butane and petrol supplies are growing more slowly.

Some Ukrainians are turning to a thriving online black market run by OLX, the Ukrainian equivalent of Craigslist, and featuring hundreds of classified advertisements selling ration cards, petrol canisters or even used water bottles filled with fuel.

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Article Details

Author / Journalist: Max Seddon

Category: MarketsFinanceInvesting

Topics: Financial Country Ukraine Supply Trucks Routes Fuel Russian Petrol Kyiv

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-19, 04:00:47

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 855 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 537

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