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As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc's 27 member ...
The Ukrainian sanctions and blockage of oil transport immediately prompted both Hungary and Slovakia to appeal to the European Union, claiming that Ukraine was violating its European Union Association Agreement and jeopardizing its energy security, which could cause a national energy crisis and an economic crisis in both states.
The United States imposed new sanctions on Russia's Gazprombank on Nov. 21 as President Joe Biden steps up measures to punish Moscow for its invasion of Ukraine before he leaves office in January.
Hungary 15% through Ukraine and 32% though TurkStream; Austria 46% through Ukraine; Slovenia 30% through Ukraine; Romania 16% though TurkStream; Italy and Croatia 3% each through Ukraine; The EU is well prepared for the 2023-24 winter, even under the worst weather conditions the EU will still have 20% in stored capacity by April 2024. [45]
An aide to Hungary's prime minister on Friday accused Ukraine of blackmailing Hungary and Slovakia by halting oil deliveries after the countries stopped receiving oil from Russian group Lukoil.
The Hungarian government attempted to deny these actions in the domestic media, with the Ministry of Finance stating that: "Contrary to the erroneous news published in the press today, the 18 billion euro support of Ukraine was not on the agenda at the Ecofin meeting held on 12.06.2022.
BRUSSELS (Reuters) -European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by end-2022, but Hungary and two other landlocked Central European states ...
BUDAPEST (Reuters) -Hungary's foreign minister said on Saturday the European Commission's decision not to mediate in a dispute over a blockage of oil supplies from Russia via Ukraine into his ...