Poland losing billions over Russian oil ban – FT
Forced to seek out more expensive sources, Warsaw’s state-owned oil company is losing $27 million every day
Polish state oil firm PKN Orlen is forfeiting $27 million per day due to the price difference between cheap Russian oil and more expensive sources, its CEO told the Financial Times on Sunday. Despite Warsaw’s ban on Russian crude hurting its coffers, the company wants even stricter sanctions applied.
Poland pledged last March to stop importing Russian oil by the end of 2022. For PKN Orlen, this means that the oil it buys is now priced $30 higher per barrel than before, CEO Daniel Obajtek told the newspaper.
https://www.rt.com/news/575940-poland-losing-russian-oil/