Hungary wants a “retreat” for giving up Russian oil

Money is needed to fund “alternative supply routes”.

Hungarian Foreign Minister Peter Siyyarto named the amount that Hungary needs to organize alternative ways of supplying oil instead of Russian. According to El Pais. The Hungarian government would like to receive 700-750 million euros for its consent to the European Union's embargo on oil from Russia. Siyarto hinted that a significant amount could change Hungary's position on the oil embargo. According to him, the Hungarian government is seeking funds to modernize and build infrastructure to organize alternative oil supply routes. -550 million euros over four years. We will have to increase the capacity of the Adriatic pipeline to replace the Russian oil pipeline, which will cost another 200 million, “said the Minister.

Siyarto also said that the reorientation of oil imports will increase gas prices in Hungary by 55%. To avoid significant economic consequences, the Hungarian government will continue to insist on a limited embargo – a ban on the supply of Russian oil by tankers.

due to the principled position of Hungary, which refuses to support sanctions against the aggressor state.

The Hungarian government has not agreed to a ban on Russian fuel even with the exclusion of its country, Slovakia and the Czech Republic, which are almost one hundred percent dependent on exports from Russia.

Based on materials: ZN.ua