The largest Hungarian oil and gas company Magyar Olaj es Gazipari Reszvenytarsasag (MOL) announced that Hungary has suspended Russian oil deliveries through the Druzhba pipeline, reported TASS.

"MOL continuously monitors the quality of the raw materials coming through the Druzhba pipeline and does not allow low-standard crude oil to arrive in Hungary. Thus far, the quality of the crude oil coming through the pipeline has been in accordance with the regulations, however, we have decided to …

Belarus has partially resumed its exportation of light oil products to Ukraine, Poland and the Baltic states, after being forced to suspend it due to poor quality oil from Russia. However, its losses have already exceeded $100 million.

“We are now assessing the losses we have experienced in April. At present, they are in the region of $100 million in terms of lost revenue from oil products,” commented Vladimir Sizov, deputy head of the Belarusian state oil concern Belneftekhim on Thursday 25 …

Russian President Vladimir Putin accepted an invitation from Kim Jong-un to visit North Korea.

It was reported that during the meeting in Vladivostok, the North Korean leader invited Putin to come to the DPRK at a time convenient for the Russian president and the invitation was readily accepted.

The South Korean daily business newspaper Maeil Business Newspaper (mk.co.kr) also reported Putin’s readiness to come to North Korea.

The meeting between President of the Russian Federation Vladimir …