Serbian government extends ban on Eurodiesel exports

BELGRADE, 13 Oct – PRIME. The Serbian government decided on Thursday to extend the ban on the supply of diesel fuel abroad until October 31, against the backdrop of EU plans to limit the supply of Russian oil from December 5.

Serbia will not impose anti-Russian sanctions, Vucic said

On June 30, the Serbian government decided to temporarily ban the export of Eurodiesel “in order to prevent a shortage of this product” and has repeatedly extended it since then.

“The Government of the Republic of Serbia at today’s meeting extended the decision to temporarily ban the export of Eurodiesel EN 590 until October 31 in order to avoid damage to the economy and citizens,” the press service of the Cabinet said.

It is noted that Serbia has sufficient volumes of this type of fuel, the export ban is an additional measure to protect consumers and the market.

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Serbian President Aleksandar Vucic said on October 8 that Serbia, under an agreement with Hungary, would build a 128-kilometer oil pipeline to connect with Hungarian oil pipelines and receive raw materials from the Druzhba pipeline. The construction period is planned up to two years, the cost is about 100 million euros.

According to him, the national oil reserves currently amount to 506,000 tons of diesel and 119,000 tons of gasoline, of which 287,000 tons of finished diesel are currently available, and 220,000 tons of oil is being processed for diesel, which is enough for 75 days, in case of a break. oil supplies to Serbia and for 59 days the country will have enough gasoline reserves.

On October 6, the EU introduced the eighth package of anti-Russian sanctions, which includes both new economic restrictions and expanded lists of personal sanctions. Among the economic sanctions is the introduction of a legislative framework for determining the price ceiling for sea transportation of Russian oil to third countries. It is planned that the price limit will be introduced on December 5 for oil and on February 5, 2023 for oil products.

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The package of measures was actively supported by Croatia, where the port of Omišalj is located on the island of Krk in the Adriatic Sea with a terminal for receiving tankers with oil and oil products. From there, the oil is sent via a pipeline to Serbia for processing at the plant of the Serbian Oil Industry, which is 56.15% owned by the companies of the Gazprom group. Serbian Interior Minister Aleksander Vulin said that with the eighth package of sanctions against the Russian Federation, the EU is introducing the first package of sanctions against Serbia, which depends on Russian oil supplies through Croatia.

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