Financial Times FT.com

Russia shuts oil pipeline to Europe

By FT Reporters

Published: January 9 2007 02:00 | Last updated: January 9 2007 02:00

Russia yesterday halted its oil exports to Europe passing through Belarus as it accused its neighbour of siphoning oil from the Druzhba transit pipeline, threatening further disruptions to European supplies.

Transneft, Russia's oil pipeline monopoly, said it was forced to stop pumping oil through the pipeline, which carries about 30 per cent of its exports to Europe, claiming that Belarus was effectively stealing it.

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