Slovakia and Russia will sign new 15-year oil deal

Market news

24 November 2014

Slovakia and Russia will sign new 15-year oil deal

The Slovak Economy Ministry's spokeswoman Miriam Ziakova said on Monday that Slovakia and Russia will sign a new 15-year oil deal on December 5. Russia will ship up to 6 million tonnes of oil a year to Slovakia.

The current oil contract expires at the end of this year.

Bundesbank President Jens Weidmann expressed doubt a potential government bond-buying program would be sufficient to boost the economy in the Eurozone

The European Central Bank confirmed on Monday that it bought €2.238bn in covered bonds over the previous week.

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