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Ukraine to restart oil flows via Druzhba pipeline, potentially unblocking EU's loan

Ukraine to restart oil flows via Druzhba pipeline, potentially unblocking EU's loan

Summary

Ukraine will restart oil flows through the Druzhba pipeline on Wednesday after completing repairs following a Russian attack. President Zelenskiy has urged the European Union to release a 90-billion-euro loan that is currently frozen due to disagreements over the pipeline.

Key Facts

  • Ukraine stopped oil flows via the Druzhba pipeline after a Russian attack damaged a pumping station in January.
  • The pipeline supplies oil to European countries, including Hungary and Slovakia.
  • These countries depend on Russian oil delivered through Druzhba and were unhappy about the suspension.
  • Repairs to the pipeline were completed and oil flows will resume this Wednesday.
  • President Zelenskiy has called on the EU to unblock a large loan worth 90 billion euros.
  • The loan is on hold because of disputes linked to the pipeline issue.
  • Restarting the oil flow aims to ease tensions and support energy supplies in Europe.
  • The situation is significant for European energy security and financial negotiations.
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