The whole economic model of Russia is now threatened



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The whole economic model of Russia is now threatened

On 19 April Belarus, a country neighboring Russia, saw a significant deterioration in the quality of crude oil transported by the Druzhba pipeline via Belarus to Europe. The name of the raw delivery channel means "friendship" and was built during the Soviet era to supply Kremin's "friends" behind the Iron Curtain. Today, the pipeline is the longest in the world and probably the largest in Europe, fueling the East and the West.

Russia's economy and federal budget are highly dependent on revenues from the production and supply of hydrocarbons. The Trump administration has made the Nord Stream II gas pipeline, currently under construction, to supply Germany with natural gas, a European security problem.

Poland and Germany have suspended the acceptance of supplies from the Druzhba pipeline. Belarus has proposed to Russia to reverse oil flows in order to eliminate contaminated oil and start pumping oil by another route, Belarusian oil group Belneftekhim reported on Thursday, reported on Thursday. Reuters agency.

Chemical contamination has been linked to a Russian storage facility along the pipeline route. Belarus complains that its infrastructure may have been damaged by the chemicals involved.

"Ukraine said the pumping in the southern part of the Druzhba pipeline in central and eastern Europe was interrupted overnight." This completely interrupted the link as the largest northern branch of the Belarusian route to Poland and Germany was already closed. Europe will be deprived of at least 1 million barrels a day of crude oil flow for the duration of the breakdown, "Bloomberg said.

"The technical problems related to the transit of Russian oil will be solved in a constructive way," said Deputy Energy Minister Pavel Sorokin on Friday during a joint interview with the Belarusian government in Minsk, reported the Russian news agency TASS.

Belneftekhim's interest is holding talks between operators of the Druzhba oil pipeline on Friday to discuss Russia's transit problems. Representatives of Belneftekhim, Transneft, the Russian Ministry of Energy, Russian Railways and operators of the Druzhba pipeline on the Ukrainian and Polish territories participate in the meeting.

On April 19, the Belarussian side reported a marked deterioration in the quality of Russian oil transported by the main oil pipeline Gomeltransneft Druzhba. Representatives from Belarus and Russia held a meeting on April 23 to discuss issues related to the situation surrounding Russia's crude oil supplies. Andrey Rybakov, head of the Belneftekhim group, held another meeting in Moscow on April 25, devoted to the problems related to Russia's oil supply.

On April 29, Russian Deputy Prime Minister Dmitry Kozak promised that quality crude oil from Russia would arrive at the border with Belarus. It is planned to discuss the possibility of partial pumping of poor quality oil from the pipeline on the territory of Belarus and Poland on April 26, wrote TASS.

Moscow wants to solve the problem quickly because this type of reputation success could have existential consequences on its commercial energy business model.

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