The governments of Hungary and Serbia have agreed to invest in a pipeline to allow oil to flow to Serbia from the Russian Urals through the Druzhba pipeline.
Oil shipments via Croatia were hit under the new energy sanctions on Russian by the European Union, according to the government in Budapest on Oct. 10.
The EU slapped new restrictions against Moscow over the ongoing war in Ukraine, which includes an oil price cap for crude deliveries via sea from Russia to third countries.
Serbia gets most of its Russian oil supplies from the JANAF oil pipeline, which passes through Croatia.
Serbian President Aleksandar Vucic and Hungarian Prime Minister Viktor Orban “have agreed to build an oil pipeline to Hungary,” said Hungarian Secretary of State for International Communication and Relations spokesman Zoltan Kovacs in a statement.“The new oil pipeline would enable Serbia to be supplied with cheaper Urals crude oil, connecting to the Friendship oil pipeline,” he noted.
