19 April 2024,   17:33
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Hungary says EU’s oil embargo proposal still unacceptable

Russian shipments via pipelines should be exempted from planned European Union oil sanctions against Moscow that, in their current form, would destroy Hungary’s economy, its Foreign Minister said.

Peter Szijjarto said that, following talks with EU officials, an agreement between Budapest and Brussels on the proposed ban still looked unlikely.

“Brussels has no proposal for a solution ... which could handle the atomic bomb like impacts of this potential oil embargo against Russia on Hungary’s economy”, - he added.

Most other EU countries support banning Russian oil under a new sixth package of sanctions designed to punish Moscow for waging war on Ukraine. Unanimity is required for such a decision, however, with Hungary the most vocal critic.

Hungarian Prime Minister Viktor Orban and European Commission President Ursula von der Leyen on Monday discussed investment in upgrading Hungarian oil infrastructure, a spokesman for the latter said on Tuesday.

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