Hungary received exemption from using oil price cap

Hungary has received exemption from the use of the oil price cap, Foreign Minister Péter Szijjártó said on Facebook on Saturday.

The European Union will introduce a price cap on oil, yet it would be high time for Brussels to realise that such measures hurt Europe’s economy the most, he said. Szijjártó said that increasing energy volumes would be required in order to reduce prices.

“During the talks about the oil price cap, we were fighting hard for Hungarian interests and we succeeded in the end. Hungary has received exemption from the use of the oil price cap,” he added. As a result, the security of Hungary’s energy supplies has been again successfully protected, he said.

Source: MTI