• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
EU summit – Orbán’s reaction to the latest EU sanctions packageEU summit – Orbán’s reaction to the latest EU sanctions packageEU summit – Orbán’s reaction to the latest EU sanctions packageEU summit – Orbán’s reaction to the latest EU sanctions package
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
  • Hungarian government continues sacking hundreds of high-ranking military officers

Support us
Daily News Daily News · 31/05/2022
· Politics

EU summit – Orbán’s reaction to the latest EU sanctions package

energy EU sanctions against Russia European Union Hungary Russia
oil embargo ukraine russia

Photo: MTI/EPA/Stephanie Lecocq

“We have protected [the government’s cap on household utility bills] and successfully staved off a proposal by the Commission that would have prohibited the use of Russian oil in Hungary,” Prime Minister Viktor Orbán said in the early hours of Tuesday, after the first day of a summit in Brussels.

6th Eu sanctions package

European Union leaders agreed late on Monday to ban two-thirds of Russian oil imports as part of a compromise deal that increases pressure on Russia while taking into account the economic impact on EU countries more dependent on Russian oil supplies.

The embargo restricts Russian oil shipments by sea, while oil imported by pipeline is exempted from the ban.

 

Tonight #EUCO agreed a sixth package of sanctions.

It will allow a ban on oil imports from #Russia.

The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned. pic.twitter.com/uVoVI519v8

— Charles Michel (@eucopresident) May 30, 2022

Landlocked Hungary has threatened to oppose restrictions on oil imports, which would have thwarted an effort requiring consensus among all EU members.

According to European Commission President Ursula von der Leyen, the agreement, together with promises by countries like Germany to phase out Russian oil imports, “will reduce oil imports from Russia to the EU by around 90% by the end of the year”.

Other parts of the sanctions package include a freeze on private assets and a travel ban, as well as the exclusion of Russia’s largest bank, Sberbank, from the SWIFT global financial transfer system.

The EU has also banned three Russian state-owned broadcasters from distributing content in EU countries.

Orbán’s reaction

o:  all of Europe is teetering on the edge of a global economic crisis because of the sanctions. Under these circumstances, it would have been unbearable for us if we had to run the Hungarian economy with dearer oil, it would have been like a nuclear bomb, but we successfully avoided this,” he said on Facebook.

“We brokered an agreement that states that those countries that get oil delivered via pipeline may continue managing it under the old conditions,” he said.

“Families can sleep well tonight, we have managed to avoid the most hair-raising idea,” he added.

Source: MTI

energy EU sanctions against Russia European Union Hungary Russia
Share
Daily News
Daily News

5 Comments

  1. Tibor says:
    31/05/2022 at 11:54

    Our Leader managed to slow down the unified EU approach to sanctions (Mr. Putin will be well pleased), deflect scrutiny of why there was no energy security Plan B (our dependence / reliance has nothing to do with relationship Kremlin, of course) AND gain concessions for much needed facility upgrades to the refineries (Szazhalombatta Refinery is … over 50 years old)

    Not bad goin’!

  2. mariavontheresa says:
    31/05/2022 at 17:23

    Russia suspended oil/gas to Bulgaria, Poland, Lithuania and now the Netherlands. This puts pressure on the industry and raises the price for the consumer. Then people talk about green energy. It has been proven that green energy, solar and wind is not reliable. Atomic energy generating stations are the only reliable green energy suppliers. In the recent past, Germany is already talking about rationing.

    The EU leaders resemble a horde of buffalos stampeding over a cliff, committing suicide. The EU stopped caring about its population. Inflation, partly caused by the rise of energy prices are tantamount to a high tax, not leveed by government. The sanctions are a short sighted and does not create either cease fire or peace. The sanctions also alienate 144+ millions of Russians.

    Only the Hungarian people elected a government that puts the welfare of its people first. Congratulations to FIDESZ, Mr. Orban and the people that were smart enough to elect of conservative government. Mr. Orban, the only EU Prime Minister, made a good deal for the people by gaining an exemption from EU oil/gas embargo.

  3. Sven Svensson says:
    31/05/2022 at 17:54

    Mr Orbán does more good for the hungarian people in a week than the swedish politicians has done for the swedish people in decades.

  4. Daniel says:
    02/06/2022 at 10:25

    If everyone knows you consistently only act in your own self-interest, how likely are they to go out of their way when you need help or support? Asking for a friend!

  5. mariavontheresa says:
    02/06/2022 at 21:19

    Dear Daniel, Hungary does not and never had a friend in Wester EU.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • What does the future hold for the Hungarian forint? Analysts answer
  • PHOTOS, VIDEO: Hungarian rescue team in Türkiye already saved many lives and work 24/7
  • What happened today in Hungary? – 8 February, 2023
  • Fuel prices to decrease again in Hungary from Friday
  • Here are the localities where the air quality is deteriorating
  • Hungarian government continues sacking hundreds of high-ranking military officers
  • Joint opposition PM candidate Márki-Zay founded new party
  • PHOTOS, VIDEO: Thousands of years old treasure found near Kecskemét

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V