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Slovakia Expects Solidarity from EU

ENERGY SECURITY

Slovakia Expects Solidarity from EU over Russian Oil Sanctions

  • A statement from Slovakia economy ministry said it would be hardest hit by EU sanctions on Russian oil. "The embargo ... was approved in a version with direct impact on the market for motor fuels and their production in Slovakia," the ministry said in a statement
  • It said Slovakia had unsuccessfully sought a three-year exemption on trade in piped Russian oil and oil products. After 8 months the agreement allows for use of Russian oil for their domestic market and export to Czech Republic for a further 10 months but not exports to other central and west European countries.
  • Slovakia expects help from the EU plan to reduce dependence on Russian energy. The statement said, “Within the declared solidarity we expect individual access to resources from REPower EU.”
  • Slovakia's only oil refinery, Slovnaft, currently uses Russian oil as its feedstock.
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