BELARUS
Russian oil supplies to Europe halted
Russian oil exports to Europe via neighboring Belarus were halted as a bitter trade dispute between Moscow and Minsk spilled over into several European countries including Germany and Poland.
EU energy chief Andris Piebalgs said Jan. 8 that the situation posed "no immediate risk" to energy supplies in the European Union. However, Germany, which holds the EU presidency, called for the oil deliveries through a pipeline that transits Belarus to be resumed "as quickly as possible."
The impact of a short-term stoppage is likely to be minimal, as refineries in the EU maintain oil stocks.
The Japan Times Weekly: Jan. 13, 2007 (C) All rights reserved
|