Hungary says EU can’t impose a gas ban on Russia
Peter Szijjarto (Hungarian Foreign Minister) has dismissed the possibility of Russia gas sanctions being included in the European Union’s next round of sanctions. He said it was “impossible”.
The dependence of landlocked Hungary on Russian hydrocarbons is overwhelming
Szijjarto made these comments as Russian President Vladimir Putin stated that he thinks the West won’t be able for many years to get off Russian oil or gas.
To cripple Putin’s war machine, the EU wanted to place a complete ban on Russian crude. The EU wanted to impose a total ban on Russian crude in a bid to cripple Putin’s war machine over the Kremlin’s attack in Ukraine. eventually agreedLast month saw a partial oil embargo as part of its sixth and long-delayed package of sanctions against Russia.
A ban on Russian oil being brought to the bloc via sea will be part of the compromise. An exemption for pipeline imports, which were opposed by Hungary, will also be included in this agreement.
Szijjarto spoke to Charlotte Reed, CNBC, on Thursday, at the OECD Ministerial Council Meeting, Paris, France. He said that when we impose sanctions we must ensure they are more harmful to those we impose them than to ourselves.
“We must have a clear position regarding the war. We have one, and we strongly condemn Russia for its military aggression. We support Ukraine. However, we need to consider reality,” he said.
Szijjarto expressed frustration at the portrayal of Hungary as unwilling to punish Russia for its war in Ukraine. He cited Russia’s current supply of 65% of Hungary’s oil supplies and 85% of its natural gas supplies.
According to Hungary’s Foreign Minister, Russia supplies about 65% of the country’s oil needs and 85% of its natural gas.
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He said that the lack of infrastructure made it impossible for Russia to reduce its dependence on Russian energy resources quickly.
Soon after the EU approved its sixth set of sanctions, Estonian Prime Minister Kaja Kallas asked for more and discussed the possibility of Russia’s gas embargo as part of the seventh round.
However, Austria’s Chancellor Karl Nehammer rejected the idea and stated that it would not be up for discussion.
Szijjarto from Hungary was asked whether it would be possible for the EU to target Russian gas exports during its next round in sanctions.
“If Russia is unable to supply gas, the country will cease.” [the]Economy stops. We cannot heat our houses. “Who can propose a solution?” He concluded.
Russia will not be concreting on their oil wells
Putin said Thursday that Russia will not “concrete over their oil wells”, at a moment when the West is still dependent on its energy resources. according to comments translated by the BBC.
“The world’s oil market volume is falling, but prices are increasing,” he stated. “Company profits have been rising.”