Hungary’s Orbán vows to ‘circumvent’ US sanctions on Russian oil titans
Hungarian Prime Minister said, “The battle is not over yet,” which could lead to a conflict with the White House.
On Friday, Hungarian Prime Minister Viktor Orbán claimed that Budapest was working on a way to “get around” American sanctions on Russian oil and gas corporations.
Donald Trump, the President of the United States, said on Wednesday that he was putting “tremendous” new sanctions on Russia’s multinational Lukoil and its state-owned Rosneft. These are the first such steps since he took office.
Even though the details are still being worked out, the penalties might make Moscow stop sending oil to Europe through its remaining pipelines. This is terrible news for Hungary, which gets most of its oil from Russia.
Orbán, who has been a supporter of Trump for a long time, remained combative, saying that the “battle is not over yet” and that Budapest will find methods to get past Washington’s penalties.
He said on the radio show “Good Morning Hungary,” “There are indeed sanctions in place against certain Russian oil companies.” Orbán said, “I started the week by talking to MOL executives several times, and we are working on how to get around these sanctions.” MOL is Hungary’s energy firm.
He went on to say, “Anyone who wants lower utility prices must support Hungary’s right to buy oil and gas from Russia.”
The Hungarian leader has said before that Budapest has no choice but to get inexpensive oil and gas from Russia because it is landlocked. He says that costs would go through the roof for customers if they didn’t.
Since Russian President Vladimir Putin’s full-scale invasion of Ukraine in the winter of 2022, the rest of the EU has stopped buying goods from Russia. However, Hungary and Slovakia are still heavily dependent on the Kremlin to keep the lights on, saying they have no other options.
Croatia says that Zagreb could supply both Hungary and Slovakia’s energy demands using its own resources, such as the Adria oil pipeline.
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