Ukraine ‘Shot Itself in the Foot’ by Banning Transit of Lukoil Crude to Hungary and Slovakia
Hungary and Slovakia stopped receiving oil from Russian oil giant Lukoil via the Soviet-built Druzhba (‘Friendship’) pipeline which runs through northwestern Ukraine after Kiev imposed a transit ban. Financial analyst Paul Goncharoff says the move is both counterproductive and shortsighted, but that hasn’t stopped Ukraine’s authorities before.
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