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Fiala To Speak Shortly, Exemption From EU Sanctions On Russian Oil Expires
- The exemption from EU sanctions regime allowing Slovakia to export products made from refined Russian crude oil expires today, with much of Slovak gasoline and diesel flowing to neighbouring Czechia. Analyst Jana Klimova told Cesky rozhlas last week that this should not result in fuel shortages but may boost prices. She noted that Czechia needs to import around a third of its refined fuels and around half of that amount is supplied by the company MOL using Russian oil.
- Prime Minister Petr Fiala will speak on recent public protests, state budget and energy prices on Blesk.cz at 08:30GMT/09:30CET. The government has been trying to respond to the backlash against its fiscal consolidation measures and pension reforms intended to reduce budget deficits in the coming years.
- Health Minister Vlastimil Valk said that the government will sign an agreement with the Czech Medical Chamber on Friday to raise doctors' salaries by CZK5,000-15,000 and the salaries of other hospital employees by 5%, which should mark the end of doctors' protests.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.