Hungary vows to prevent EU embargo on oil from Russia

Hungary intends to defend its economic achievements until the EU plan to impose an embargo on oil from Russia “collapses”, said the head of the Hungarian Foreign Ministry Peter Szijjártó

Hungary will not allow the EU to impose an embargo on Russian oil, because it will undermine the security of the country's energy supply and its economy, said the head of the Hungarian Foreign Ministry, Peter Szijjarto.

“Of course, we will not allow this, because we cannot allow anyone to destroy the results of the long-term efforts of the Hungarian people, our selfless work.” ,— Quoted by Szijjártó Index.

According to him, the Hungarian government is doing everything possible to protect the country's economic achievements until the EU plan to impose an embargo on Russian oil “collapses”.

Szijjártó said that the authorities Hungary sees the results of the recent parliamentary elections as confirmation of the correctness of the economic policy strategy of the last 20 years. Party of Viktor Orban «FIDES— Hungarian Civil Union in partnership with the Christian Democrats, won the elections in April with a majority, and Orban will again lead the Hungarian government.

The Hungarian economy, despite the pandemic, showed the best results in history in 2021, Szijjártó said. “To the shame of the European Union, we are at the forefront of the EU economy and we have one of the fastest growing economies on the continent,” — he said.

The European Union has been discussing the possibility of sanctions against the Russian energy sector since the beginning of the special operation in Ukraine. So far, Brussels has imposed restrictions only on the supply of Russian coal. The countries of the union are also discussing various options for an oil embargo against Moscow, but so far they have not been able to reach a consensus.

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Bulgaria, Slovakia and the Czech Republic express fears about the consequences of such a decision, while Hungary strongly opposes it. The head of government of the last— Viktor Orban— said that the oil embargo against Russia is comparable to “an atomic bomb that they want to drop on the Hungarian economy.”

Now a ban on oil supplies from Russia is being discussed in the EU at the level of representatives of member countries. At the same time, the head of EU diplomacy, Josep Borrell, said that if they fail to agree on a ban on Russian oil by the end of the week, that is, by May 8, then further discussion of this topic will go to the level of EU foreign ministers.

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