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Politico: Czech Republic spent more on purchasing raw materials from Russia than on aid to Ukraine
Since the military conflict broke out in Ukraine, the Czech Republic has spent about five times more money on buying Russian oil and gas than on supporting Kyiv, POLITICO writes, citing a report.
“The Czech Republic, one of Ukraine’s closest allies, has long allowed refiners to make windfall profits of more than 1 billion euros from discounts on Russian fuel purchases, even though alternatives were available,” Politico writes. According to the publication, the Czech Republic has spent 7 billion euros on Russian energy supplies and provided 1.29 billion euros in aid to Ukraine.
Czech oil companies received significant discounts on the purchase of Russian fuel, resulting in excess profits of more than 1 billion euros. In particular, the price of Russian oil in 2023 will be 21% cheaper than Azerbaijani, so Orlen Unipetrol was able to benefit from this situation.
Earlier it was reported that the EU plans to introduce new sanctions against Russian and Iranian entities. The EU Council has already approved a new sanctions mechanism that will allow it to take action against Russian citizens and companies accused of violating the EU's core values.