Indicator - Economy - Brussels did not return money to Hungary due to the oil embargo

Indicator – Economy – Brussels did not return money to Hungary due to the oil embargo

After Monday’s meeting, Ursula von der Leyen briefly summarized the meeting with Prime Minister Viktor Orban on Twitter. According to the President of the European Commission, the discussion helped clarify issues related to sanctions and energy security.

We have made progress, but more work is needed


The According to Foreign Minister Peter Szijjarto, “If Brussels really created a problem, it is expected to solve it.” The newspaper said the minister intended that part of the European Commission’s sixth sanctions package is for the EU to stop imports of Russian crude oil within six months and refined oil by the end of the year. He stressed that Hungary strongly opposes this.

According to Péter Szijjártó, gradual independence can be achieved through modernization of the Hungarian energy system, which includes the technological transformation of Hungarian oil refineries – which would take hundreds of millions of dollars and several years – and the 20% expansion of the Adriatic oil pipeline.

However, Eric Mammer, a spokesman for the European Commission, said he had not made any financial promises to fund the costs of the Hungarian transition. He also confirmed that no other issue was discussed at the hearing, such as the frozen recovery fund.

(Cover photo: Ursula von der Leyen, President of the European Commission, May 9, 2022. Photo: Sateri Kelba/Anadolu Agency via Getty Images)

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