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 …

The scandal surrounding the incident at Transneft, which resulted in chlorine-containing substances mixing with Russian oil, continues to gain momentum.

Poland stopped accepting the oil and closed the western line of the Druzhba oil pipeline, which leads to Germany, early on Thursday. Now the Czech Republic has also stopped accepting the Russian oil, Reuters reports, citing two sources in the market.

Alongside Hungary and Slovakia, the Czech Republic receives oil through the second, southern …