Mar 5 β€’ 11:26 UTC πŸ‡ΊπŸ‡¦ Ukraine Ukrainska Pravda

EU weighs helping repair Druzhba pipeline to unlock Ukraine loan – Bloomberg

The EU is considering financial support for repairing the Druzhba oil pipeline, which Hungary and Slovakia are blocking until supplies resume and aid to Ukraine is lifted.

The European Union is deliberating the provision of financial assistance to Ukraine aimed at repairing the Druzhba oil pipeline, an essential artery for oil transport that has faced disruptions due to geopolitical tensions. Hungary and Slovakia have been accused of politicizing the aid process; they are blocking assistance to Ukraine and sanctions against Russia until the pipeline's functionality is restored. This situation threatens to stall significant financial aid to Ukraine, which is already severely impacted by the ongoing conflict with Russia.

According to reports by Bloomberg, discussions within the European Commission indicate a willingness to support Ukraine through existing budgetary mechanisms. The EU's plans may also include offering technical expertise to facilitate repairs while navigating the complexities caused by the ongoing geopolitical tensions. These measures hope to alleviate the growing energy crisis facing Ukraine and ensure the continued flow of oil supplies through the key infrastructure.

Serhii Koretskyi, the CEO of Naftogaz, highlighted the dire situation following an attack by Russian forces on the facility earlier this year, which resulted in significant damage and delayed operations. The potential EU intervention via financial support and expert assistance could not only help repair the pipeline but also unlock crucial financial aid for Ukraine, thereby providing much-needed economic relief during a challenging period.

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