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Hungary Settles Russia’s Bill With Ukraine to Restore Oil Flows

Hungary Settles Russia’s Bill With Ukraine to Restore Oil Flows

BERLIN — Hungary’s main oil conglomerate said on Wednesday that it would pay an outstanding bill owed by Russia’s oil pipeline operator to the Ukrainian authorities, clearing the way for Russian oil deliveries to resume to three Central European countries.

Analysts described the financial arrangement as an unexpected boomerang effect of sanctions imposed on Moscow.

The conglomerate, MOL Group, an administrator of the Hungarian arm of the Druzhba, or Friendship, pipeline, said on…


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