Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Poland has proposed measures against remaining oil imports from Russia


November, 25 2022
watermark Economic news

Poland is lobbying for measures that can prevent oil imports from Russia, which persist after the imposition of sanctions.


Recall that back in May, Warsaw announced that it would try to stop supplies via the northern branch of the Druzhba oil pipeline by the end of the year. Germany made a similar promise. Both countries hoped that these steps would strengthen the effect of the embargo on oil supplies by sea, which comes into force on December 5. After this day, only Hungary, Slovakia and the Czech Republic will remain importers of oil from the Russian Federation along the southern branch of Druzhba. 


Now Poland insists on sanctions against the northern branch, as well as on revising the system of duties for countries that will continue to receive oil through the southern branch. 


It is worth noting that measures regarding the pipeline will require unanimity at the EU level, which Hungary may oppose. However, to resolve the issue of duties, only a qualified majority is sufficient with approval at the level of State authorities. 


The Polish Foreign Minister said that Warsaw needs sanctions against the Druzhba pipeline in order to avoid paying penalties. At the same time, it became known earlier that the Polish company Orlen submitted an application to Transneft to receive 3 million tons of Russian oil through the Druzhba pipeline in 2023. However, Orlen stated that such an application «represents solely a reservation of the potential capacity» of the pipeline.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.