(MENAFN- Swissinfo)
Drought has caused record low water levels in the river Rhine with shipping cargo reduced. This is one of the ways oil products reach Switzerland. Copyright 2018 The Associated Press. All Rights Reserved
Low water levels in the Rhine, as well as logistical problems on European rail lines, are hitting supplies of oil products to Switzerland.
This content was published on July 22, 2022 - 15:13 July 22, 2022 - 15:13 Keystone-SDA/jc
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La sequía afecta al suministro de productos petrolíferos en Suiza
To ensure supplies, the Federal Office for National Economic Supply (FONES)External link has decided to temporarily cut compulsory reserves of these products by 6.5%, according to a press releaseExternal link on Friday. The measure is effective from July 25 to the beginning of September.
Switzerland stocks large quantities of food, medicines and oil to cope with possible shortages. Responsibility rests largely with the private sector, not with the authorities. For example, an importer of petrol will be required by law to store some of it for emergency use. This avoids the need to build up large reserves in one place. In return, Switzerland finances the storage costs of companies through a reserve fund.
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