Russian Lukoil Halts Oil Supplies To Ukraine Odessa Refinery
by Tyler Durden
A few days ago we reported that the Ukraine decided to call Russia’s “trump card” bluff – that would be everyone else’s reliance on Russian gas supplies – when it drastically cut imports of Russian gas by 80% in February, seemingly to demonstrate its energy independence from Puting. Now Russia has decided to take the Ukraine to task, by announcing it has halted oil deliveries to the Ukraine Odessa refinery. Hopefully the Ukraine, whose foreign currency reserves tumbled from $17.9 billion on February 1 to $15 billion currently, has alternative means of supplying itself with energy from benevolent sources, particularly those who are willing to provide the country with oil in exchange for goodwill.