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Hungary, Serbia Agree to Build Pipeline to Ship Russian Oil to Serbia

10/10/2022

(Reuters) — Hungary and Serbia have agreed to build a pipeline to supply Serbia with Russian Urals crude via the Druzhba oil pipeline as Belgrade's shipments via Croatia fall under EU sanctions, the Hungarian government said on Monday. Last week the European Union agreed on new restrictions against Russia over its war against Ukraine, which include an oil price cap for Russian seaborne crude deliveries to third countries. Serbia gets its oil via the JANAF oil pipeline from Croatia. "The new oil pipeline would enable Serbia to be supplied with cheaper Urals crude oil, connecting to the Friendship oil pipeline," Hungarian government spokesman Zoltan Kovacs tweeted. He added that Serbia's

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