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Hungary does not support the latest EC sanctions against Russia in this formHungary does not support the latest EC sanctions against Russia in this formHungary does not support the latest EC sanctions against Russia in this formHungary does not support the latest EC sanctions against Russia in this form
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Daily News Daily News · 04/05/2022
· Business

Hungary does not support the latest EC sanctions against Russia in this form

economy energy EU sanctions against Russia European Union Hungarian economy Hungary Russia
szijjártó

Hungary cannot responsibly support the European Commission’s latest package of sanctions against Russia in its current form, Foreign Minister Péter Szijjártó said on Wednesday, arguing that the sanctions would destroy Hungary’s energy security.

The latest round of sanctions proposed by the commission includes a range of new restrictions against Russian and Belarusian organizations and individuals, bans on the import and export of various products as well as restrictions on certain economic activities (details HERE: EU is gradually banning Russian oil imports, but what about Hungary?), Szijjártó said in a video message from the Tashkent airport.

“We can live with these measures, although we could debate their effectiveness, but now is not the time for smart-talking given that there’s a war going on in our neighbourhood,”

Szijjártó said.

“At the same time, the sanctions would also involve a ban on crude oil shipments from Russia to Europe with a rather short notice, which in Hungary’s case would apply from the end of next year.”

Hungary’s energy supply is currently secure and on a stable foundation, but this sanctions package “would destroy that completely”, making it impossible for Hungary to procure the amount of oil necessary to keep the economy running, the minister said.

“This is not a question of a lack of political will, not a matter of intent, of duration, but simply physical, geographical and infrastructural reality,” Szijjártó said.

It is from Russia that Hungary can buy the necessary amount of oil via the existing pipelines, and even from a technological standpoint, only Russian oil can be refined in the country, he said.

The Hungarian government cannot responsibly vote for the latest sanctions package in its current form, Szijjártó said. In order for Hungary to support the measures, oil shipments via pipeline would have to be exempted from the embargo, he added.

  • read also: Hungary does not support EU sanctions on oil, gas

Source: MTI

economy energy EU sanctions against Russia European Union Hungarian economy Hungary Russia
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3 Comments

  1. Aron says:
    04/05/2022 at 19:33

    Well – we are almost totally dependent on Russian gas, oil and nuclear energy support. How’s that for Smart Leadership? Master Strategists? Zero Plan B?

  2. Levente says:
    05/05/2022 at 07:52

    Another stupid article scraped from the MTI cesspit. The EU has not yet announced the sanctions package, it is still under discussion. There is no ‘current form’ to which Hungary can object! That proposal has yet to be formally announced. I despair!

  3. Embattled : says:
    05/05/2022 at 09:02

    Hungary is refusing to halt oil imports because it WILL obliterate its energy security.
    Meanwhile few hundred km away thousands of people are dying to acheive the energy suppliers gruesome goals.
    Nice move Hungary, good to see you are taking the moral high ground.
    It wasn’t long ago you where behind the Iron Curtain and DOMINATED by the USSR.

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