.jpg)
1 hour ago
4
Article content
(Bloomberg) — Ukrainian President Volodymyr Zelenskiy said repairs have been completed on the Druzhba oil pipeline, allowing the resumption of Russian oil flows to Europe.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
“As agreed in communication with the European Union, Ukraine has completed repair work on the section of the Druzhba oil pipeline that was damaged by a Russian strike,” Zelenskiy said Tuesday in a post on the X platform. “The pipeline can resume operation.”
Article content
Article content
Article content
He said the decision should lead to the “unblocking of the European support package for Ukraine,” paving the way for the EU to release a much-needed €90 billion ($106 billion) loan for Ukraine.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The funds are critical for Ukraine to stay in the fight more than four years after Russia’s full-scale invasion and with the US effectively ending its assistance since President Donald Trump returned to office in 2025. Kyiv has enough money to cover its needs only until June, Bloomberg reported last month.
Article content
While repairs have been carried out, the status of flows remains unclear. A resumption would provide energy relief to landlocked Hungary and Slovakia. Before the halt, deliveries averaged about 200,000 barrels a day. The Iran war has slashed global oil supply.
Article content
While the EU banned imports of Russian crude oil, Hungary and Slovakia secured temporary exemptions, saying any alternative flows would be more expensive and less reliable.
Article content
The repair of Druzhba marks a breakthrough in Brussels’ efforts to unblock the EU loan to Ukraine. Hungary’s outgoing Prime Minister Viktor Orban had conditioned the aid for Ukraine on the resumption of Russian supplies.
Article content
Hungary’s incoming Prime Minister Peter Magyar said last week that he expects Orban to lift his veto once Druzhba oil flows are restored.
Article content
Brody, a key crude-pumping station in the Ukrainian portion of the pipeline, was damaged in a Russian attack on Jan. 27. Ukraine said the strike caused significant damage to the station storage and equipment, necessitating a temporary halt in the pipeline operations. Satellite images from the EU’s Copernicus Browser have confirmed that the station’s largest storage tank burnt out.
Article content
English (US)