Hungary will block any restrictive measures against Russia in the energy sphere that may jeopardize Budapest’s interests from being included in the sixteen package of EU sanctions, Foreign Minister Peter Szijjarto said, as streamed by M1 television.
Poland, which currently holds the presidency in the EU Council, proposed sanctions which do target the energy sphere, the minister said. "We will not tolerate any sanctions running counter to the strategic interests of Hungary. We said today that everyone should forget energy sanctions," Szijjarto stressed.
"Hungary will not be able to reliably provide itself with energy resources without Russian supplies," the minister added. The country continues to receive the bulk of gas via the TurkStream gas pipeline and oil over the Druzhba oil pipeline.
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The European Council today renewed the EU restrictive measures in view of Russia’s continuing actions destabilising the situation in Ukraine for a further 6 months, until 31st July 2025.
ReplyDeleteThese economic measures, first introduced in 2014, were significantly expanded since February 2022.
ReplyDeleteThey currently consist of a broad spectrum of sectoral measures, including restrictions on trade, finance, energy, technology and dual-use goods, industry, transport and luxury goods.
They also cover: a ban on the import or transfer of seaborne crude oil and certain petroleum products from Russia to the EU, a de-SWIFTing of several Russian banks.