Hungary says EU can’t impose a gas ban on Russia


Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, saying it would be “impossible.”

Landlocked Hungary is overwhelmingly dependent on Russian hydrocarbons.

Szijjarto’s comments come as President Vladimir Putin says he believes the West will not be able to wean itself off Russian oil and gas for several years.

The EU had sought to impose a total ban on Russian crude in a bid to cripple Putin’s war machine over the Kremlin’s onslaught in Ukraine. The bloc eventually agreed late last month to a partial oil embargo in its long-delayed sixth package of sanctions against Russia.

The compromise will see a ban…


0 0 votes
Article Rating

Fed isn’t focused on impact of rates on stocks, Esther George Says

Previous article

DocuSign (DOCU) earnings Q1 2023

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Energy