Hungary, Slovakia could restrict electricity supplies to Ukraine
Hungary and Slovakia have raised the idea of restricting or even suspending electricity supplies to Ukraine if it fails to resume the transit of oil to the former two countries, public broadcaster M1 reported on Friday, referring to talks between the two countries.
Experts asked by M1 have said that such a move was “theoretically” possible, through coordination between Hungary and Slovakia.
Olivér Hortay, senior researcher at Századvég, said Ukraine heavily relied on imported electricity, adding that the power supply received through Hungary “has on many occasions accounted for over 40-42 percent” of Ukraine’s domestic demand. “Cutting such a large amount off would seriously impact Ukraine’s supplies,” he added.
Read also:
- Reuters informers: Ukraine may cease oil transit to Hungary, Slovakia in August – read more HERE
Hungary and Slovakia are putting out misinformation claiming that the oil supply has been cut. The same amount of oil is coming through the pipe but it is not coming from Lukoil but from other Russian oil companies. The difference is that Hungary was receiving deep discounts (estimated to be 20% but the terms are secret) from Lukoil that it is not receiving from the other providers and the difference can quickly add up to hundreds of millions of dollars. Furthermore Hungary ramped up purchases of oil by 50% over pre-war levels and was reselling the oil for a profit. Whose pockets do you think those profits were going into? Fidesz has been cut off from its’ self-enrichment scheme using Russian blood money. Furthermore Hungary and Slovakia were given until 2025 to find alternate sources of supply for Russian crude and have not done so. They have no leg to stand on if they want to complain to the EU about a “cut off” of oil. https://www.kyivpost.com/post/36754
If Ukraine is playing games, time to retaliate. Sell electricity to other countries.