CZECH REPUBLIC & CENTRAL EUROPE — 2026-03-17

Czech FM Sets Conditions for Resuming Russian Oil Supply Discussions

Czech Foreign Minister Macinka stated that discussions on resuming Russian oil supplies to the Czech Republic cannot proceed until the conflict in Ukraine ends. The statement positions the Babis government's energy pragmatism against its earlier signals of softening the EU line on Russia. With Brent crude above $106 amid the Hormuz crisis, Czech energy costs are rising sharply despite the crown strengthening to 24.45/EUR.

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