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EU says no short-term oil supply risk in Hungary, Slovakia
Reuters· 2026-02-17 14:03
Core Viewpoint - The European Commission has stated that there is no short-term risk to the security of oil supplies in Hungary and Slovakia despite disruptions in Russian oil flows due to a Ukrainian pipeline attack [1] Group 1: Oil Supply Security - The European Commission confirmed that both Hungary and Slovakia have sufficient emergency stocks, holding 90 days' worth of reserves, which mitigates short-term supply risks [1] - The disruption in oil flows is attributed to a Russian attack on a Ukrainian pipeline, which has halted supplies since January 27 [1] Group 2: Hungary's Response - In response to the supply disruption, Hungary is seeking to import Russian crude oil via Croatia's Adria pipeline, utilizing an emergency exemption from EU sanctions [1] - Croatia's economy minister has indicated that while the Adria pipeline can accommodate more oil imports, it should not come from Russia due to the implications of funding the conflict in Ukraine [1] Group 3: Regulatory Context - EU regulations require member states to maintain 90 days' worth of net oil imports as a buffer against supply shocks, which Hungary and Slovakia currently meet [1] - Seaborne imports of Russian crude are banned under EU sanctions, but landlocked countries can claim exemptions if their pipeline supplies are interrupted [1]