Europe Can Survive Without Russian Oil

Despite lobbying for exemptions from the European Union's ban on Russian oil imports, Hungary, Slovakia, and Czechia continue to rely heavily on Russian crude, according to Martin Dimitrov. Ukraine's recent sanctions against Lukoil, a major Russian oil company, have further complicated the situation by preventing the firm from utilizing the Druzhba pipeline, which transports oil through Ukraine to Central Europe. This reliance on Russian oil has raised concerns that it primarily serves the interests of the Kremlin. The data reveals a troubling trend, with Hungary's dependence on Russian oil increasing from 50% to over 60% since the onset of the invasion, while Czechia's reliance has grown from 36% to 45%. Despite claims of dependence, these countries have alternative supply options, as previously assessed by the Center for Strategic Development (CSD) before the EU's vote on the oil embargo. The potential cut in deliveries through the Druzhba pipeline is not unprecedented, and similar measures have not significantly impacted fuel prices in other EU nations. Moreover, Hungary, Slovakia, and Czechia have issued warnings to Ukraine regarding potential halts in fuel and electricity exports if sanctions against Lukoil are not lifted. The EU's strategy must evolve to address these loopholes, which allow Russian oil companies to exploit gaps in the embargo. To safeguard its economic security and support Ukraine, the EU must fully sever its energy ties with the Kremlin.