Obajtek announced how much Orlen loses due to the ban on Russian oil imports. “Sanctions should be tougher”

explained that the reason for the losses is the price difference of about $30 per barrel between the cheaper Russian and alternative supplies. On Monday, Russian Urals oil is trading at around $56 a barrel, while Brent crude is around $75.

President of PKN Orlen Daniel Obajtek: Complete replacement of Russian oil requires improvement in logistics

The president estimated that the company loses about USD 27 million a day due to the ban on Russian oil imports. – I would not call it a loss: it’s a matter of not supporting, – he told the newspaper “”. He added that his company still uses Russian oil, sent via the “Friendship” pipeline to the Czech refinery in Litvinov, which was not covered by sanctions. – Complete replacement of Russian oil requires improvement of oil supply logistics, which we are working on with the Czech government – ensured Daniel Obajtek.

Let us remind you that he is preparing the eleventh package for Russia, which, among other things, will will ban oil imports via the northern section of the “Friendship” pipeline. – I think the sanctions should be tougher. This should not just be a ploy to improve Europe’s media image Obajtek said. – Russia does not sell oil and natural gas, but still trades petrochemical products in Europe. It generates margins not only on hydrocarbons, but also on processing. Not to mention fertilizers and other products, he added.

Sanctions on Russia. The eleventh package of sanctions will ban oil imports through the northern section of the “Druzhba” pipeline

The eleventh package of EU sanctions against Russia is to focus primarily on tightening the existing restrictions, combating their circumvention and extending import and export bans. They are to take into account Poland’s proposal to ban oil imports from Russia via the northern section of the “Friendship” pipeline. – stated on 21 April the Brussels correspondent of Polish Radio Beata Płomecka. The European Commission, after consultations with the Member States, will prepare a draft package of sanctions for the decision for EU countries. Further restrictions on exports are to apply to all vehicles, not the luxury ones, as is the case today. On the other hand, in the case of imports, new restrictions will apply to e.g. steel products. A two-stage system is proposed for the circumvention of sanctions by non-EU countries – first a warning, and in the event of a repeated violation of the restrictions, restrictions are to be introduced for companies from these countries.