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Russian oil deliveries by means of the southern Druzhba pipeline servicing Hungary, Slovakia and the Czech Republic have been halted since August 4, Russian provider Transneft stated Tuesday.
The corporate cited an issue with EU monetary sanctions, which resulted in Transneft’s common cost for transit throughout Ukraine bouncing on July 28.
Ukraine’s state-owned Naftogaz, the father or mother firm of oil infrastructure operator Ukrtransnafta, didn’t instantly reply to a request for remark.
The cost was routed by means of Russia’s Gazprombank, which isn’t topic to EU sanctions.
However the cause for the returned cost was given as “the entry into pressure of EU Regulation 2022/1269. Specifically, the process for controlling cross-border funds from the Russian Federation was specified,” the Transneft assertion reads.
The Russian oil provider claimed that EU-based correspondent banks dealing with cash flows from Russia are usually not presently in a position to independently resolve on authorization for particular person transactions, and should anticipate approval from nationwide authorities.
“To resolve the problem, Transneft despatched an enchantment to a licensed financial institution for additional switch of data to the European regulator with the intention to acquire permission to conduct settlements … choices for an alternate movement of funds are being labored out, day by day consultations and negotiations with servicing banks are carried out,” the provider stated. “Nevertheless, thus far, the problem of the potential of making funds has not been resolved.”
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