MOSCOW: The supply of Russian oil to three European countries through Ukraine has been halted as the transit payment cannot be processed due to sanctions, Russian firm Transneft said Tuesday.
"On August 4, the delivery of Russian oil via the territory of Ukraine was halted," the oil pipeline operator said in a statement, adding that this had affected deliveries to Hungary, Slovakia and the Czech Republic.
The company said the Ukrainian side stopped the oil transport "due to not receiving funds for these services".
However, deliveries to Poland and Germany via Belarus were continuing "as usual", Transneft added.
Since President Vladimir Putin sent troops to Ukraine, Washington and Brussels have pummelled Moscow with unprecedented sanctions, cutting Russia off from international financial institutions.
The EU has looked to reduce its dependence on Russian energy resources and has agreed to ban more than two-thirds of Russian oil imports.
The United States banned Russian oil and gas days after the start of Russia's military campaign on February 24.
Pound fell below $1.10 for the first time since 1985 as new finance minister Kwasi Kwarteng announced his...
It was reported that FBR has exempted senior army officers from payment of all taxes on import of bulletproof vehicles...
Pakistan will receive an additional $2 million from World Bank this year, says finance minister
A World Bank delegation called on Power Minister Khurram Dastgir in the backdrop of widespread flash floods
Rupee fell to 239.71 after losing 0.03%, down in value from previous session's close of 239.65 in interbank market
In the interbank market, the local unit lost Re0.74, or 0.31%, and fell to Rs239.65 per dollar, down in value from the...
