Ukraine will create a diversified oil product storage system with two-month reserves

14/02/2023

1 minute read

Ukraine’s Prime Minister Denys Shmyhal announced this. Russia used to target Ukraine’s oil depots early in the war to deprive the country of fuel. This caused a deficit for a few months which was later overcome by joint state and business efforts.

Ukraine started importing additional fuel from the EU in the spring after Russian missile attacks targeted its oil refinery.

Today, the Cabinet approved a draft law on minimum stocks of oil and oil products. In the event of a crisis, there will be reserves for 61 days of domestic consumption stocked in the diversified system, which is not vulnerable to air attacks. This will allow businesses, citizens, and the entire country to face any challenges in the fuel sector calmly.

You could close this page. Or you could join our community and help us produce more materials like this. We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter