Germany Stops Importing Oil From Russia Via Pipeline

TL;DR

Tesla Delivers Record Amount Of Vehicles In Q4 But Misses Wall Street EstimatesAs the environmental impact of…America’s largest natural gas producer,…Germany halted imports of Russian oil via pipeline on January 1, following through on a previous pledge to stop buying Russian pipeline crude despite the fact that the EU embargo exempts pipeline flows from Russia to Europe.Nevertheless, Germany and Poland have said they will halt imports of Russian crude via the Druzhba pipeline as of January 1.ADVERTISEMENTThe German government put the local business of Russia’s oil giant Rosneft under trusteeship in September, handing control over the Schwedt refinery to the country’s energy market regulator.Europe will find it difficult to replace Russian crude oil and product supply once the full effect of the EU embargoes on Russian petroleum products is felt, Russian Deputy Prime Minister Alexander Novak said last week.By Tsvetana Paraskova for Oilprice.comMore Top Reads from Oilprice.com:Join the discussion | Back to homepageADVERTISEMENTADVERTISEMENTTsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews."

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