Lukoil

Company

Last mentioned: 1d ago

Timeline

  1. Hungary Veto

    Budapest announces it will block the EU loan to Ukraine until oil flows are restored.

  2. Ukraine Sanctions

    Kyiv strengthens sanctions against Lukoil, effectively halting its transit through Ukraine.

  3. EU Oil Ban

    EU bans Russian seaborne oil but grants exemptions for Druzhba pipeline transit to landlocked states.

Stories mentioning Lukoil 1

Commodities Bearish

Hungary Blocks €6.5B Ukraine Loan Over Russian Oil Transit Dispute

Hungary has officially halted a €6.5 billion European Union military aid package for Ukraine, demanding the restoration of Russian oil flows through the Druzhba pipeline. The move escalates a diplomatic standoff over energy security and highlights the deep divisions within the EU regarding support for Kyiv.

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