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Slovakia rejects Russian oil ban proposal

Samizdat | May 5, 2022

Slovakia warned on Wednesday that it will not be able to agree to the European Commission’s proposal for a ban on Russian oil, and has called for more time to find alternative fuel suppliers.

The proposed embargo is part of the latest Ukraine-related sanctions against Moscow that would see crude imports from Russia phased out within six months and refined products by the end of the year. An exemption was drafted for Slovakia and Hungary, which are heavily dependent on Russia, giving them until the end of 2023 to comply.

The proposed time frame “is unfortunately not enough,” Slovakia’s deputy economy minister in charge of energy policy told internet publication Politico on Wednesday. “We are expecting at least three years,” Karol Galek added, explaining that a key refinery in the country requires heavy Russian oil and that it’s impossible to secure alternative supplies within the proposed time frame. Last year Slovakia got 96% of its oil from Russia.

Galek stressed that the current proposal “will destroy our European economy,” as it will not only hurt energy supplies in his country, but also in Austria, the Czech Republic and Ukraine.

The current blueprint for a ban on Russian oil has to be unanimously approved by the bloc’s 27 member states to come into force. Hungary has expressed reservations, saying the European Union has so far failed to give Budapest guarantees regarding its energy security.

May 5, 2022 - Posted by | Malthusian Ideology, Phony Scarcity, Russophobia |

2 Comments »

  1. Noted. I don’t think anyone has the prescience to predict how this will all play out. I wonder where that famous ol’ years-ago-often-cited Doomsday Clock’s second hand is positioned today and in the days that will (might) follow on its way to “doom”? Pessimistic and cynical (and old/ancient) I say “Bring it on!” Time for civilization (sic) to check out and allow some other force to take over and have its way with this sad, nuke-blasted, worn-out piece of planetary junk….

    Like

    Comment by roberthstiver | May 5, 2022 | Reply

  2. if you do a google research you will discover that US imports almost the same amount of oil every year that it exports every year.
    so maybe chevron will sell US oil to slovakia.
    then we can put all the blame for high gasoline price directly on biden where it belongs.

    Liked by 1 person

    Comment by jha | May 5, 2022 | Reply


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