Lukoil Supply to Hungary Halted as Ukraine Hardens Sanctions.

Oil deliveries by Lukoil PJSC to Hungary have been halted due to tougher sanctions imposed by Ukraine. The sanctions effectively prevent Lukoil from using Ukraine as a transit country for its product. Hungary and Russia are working on a solution to resume oil deliveries. Hungary has been strengthening its energy ties with Russia, despite the conflict in Ukraine, and has signed deals to increase natural gas deliveries. [Extracted from the article]