Hungary has not received any serious proposals from the European Commission regarding the imposition of an embargo on Russian oil, following a visit by the Commission President to Budapest earlier this month, Hungarian Foreign Minister Peter Szijjarto said today.
“The European Commission has a problem with a proposal, so it is a fair expectation from Hungary … that the EU should offer a solution: to finance investment and to offset the (resulting) price increases that make a comprehensive “modernization of Hungary’s energy structure to the tune of 15-18 billion euros,” Sigiarto said in a Facebook post.
He added that another solution would be to exclude pipeline oil shipments from the planned embargo.
Hungary is the only country opposed to imposing an embargo on Russian oil, according to European diplomats.
Source: Capital
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