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Russia ready to supply oil for Hungary-Serbia pipeline — Novak

According to the Russian deputy prime minister, this is a significant project that will broaden Serbia’s access to oil supply routes

ST. PETERSBURG, June 19. /TASS/. Russia is prepared to supply crude oil to the pipeline currently under construction between Hungary and Serbia - a project that will help diversify Serbia’s oil supply routes, Russian Deputy Prime Minister Alexander Novak said at the St. Petersburg International Economic Forum (SPIEF).

Novak recalled that plans are underway to build an oil pipeline connecting Hungary and Serbia. According to him, this is a significant project that will broaden Serbia’s access to oil supply routes.

"At present, Serbia receives oil through a single route. The construction of this interconnector will allow for diversification. We are ready to participate and ensure supplies, if necessary, provided it proves competitive for our Serbian friends," he said.

About the forum

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." Thematic zones such as the ‘Territory of Innovations’ and the national brand space ‘Buy Russian!’ will operate at the Forum.

The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. As part of the cultural program, the Petersburg Seasons festival will be held, and the SPIEF Sports Games will take place.

The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

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Serbia Hungary Alexander Novak

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