Print Magazine
Brussels Morning Newspaper
Wednesday, May 18, 2022
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Europe With Transparency
    • Sustainable Perspective
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home Our pick

Hungary warns about problems with EU embargo on Russian oil

Nikola Kiš by Nikola Kiš
5 May 2022
in Our pick
Oil,Pumps,Colors,Of,Flag,Of,Russia.,Concept,-,Russian
Share on FacebookShare on Twitter

Belgium, (Brussels Morning Newspaper) Hungary has warned the European Commission about problems with EU’s planned embargo on Russian oil.

Hungarian Prime Minister Viktor Orbán noted in a letter to EC President Ursula von der Leyen that the country cannot support the bloc’s plan “in its current form,” according to Financial Times reporting on Thursday.

In the letter, Orbán warned that Hungary would need “a serious upgrade in alternative supply infrastructure and a complete rearrangement of our refinery capacities” to be able to implement proposed sanctions.

“These efforts take time and necessitate investment that is redundant and therefore cannot be financed on a market basis,” he added and stressed “neither Hungary nor the EU as a whole is ready to adopt and implement the measures as proposed by the Commission.”

According to Orbán, the bloc should implement the sanctions after all member states have prepared to handle the consequences. He warned that proposed sanctions would further drive up energy prices in the bloc and pointed out that the EU has not prepared mitigating measures.

Talks with Hungary

The EC discussed proposed measures with Hungary on Thursday, with EU diplomats expressing belief that an agreement could be reached in the coming days and adding that the EU could provide funding for construction of new infrastructure.

Commenting on Hungarian representatives, one EU diplomat pointed out “they are tough negotiators but ultimately open to compromise” and noted “we have already agreed five sanctions packages with Hungary.”

Orbán warned that proposed sanctions against the Russian oil industry would harm Hungary more than Russia, Reuters reports Thursday.

He warned that the package of measures undermines unity of the EU and added that approving the package would be a historic failure.

Several eastern EU member states expressed concern that the plan does not allow enough time to diversify supply and modify infrastructure, which would be needed to phase out Russian energy imports.

Hungary previously announced it would support the plan only if import of Russian crude oil via pipelines was exempt, stressing that it cannot support measures that would jeopardise its energy security.The bloc is discussing the sixth package of sanctions against Russia over its aggression against Ukraine.

Latest post

The Brexit Final Act

Britain prepares law to override parts of Brexit treaty

15 hours ago
Berlin

What Are 10 Best Hotels In Berlin?

17 hours ago

Most Read

  • shutterstock_1821616664

    MEPs send Open Letter urging the Home Secretary Priti Patel to reject Assange’s extradition

    0 shares
    Share 0 Tweet 0
  • These are the 10 highest paying jobs in the Europe in 2022

    0 shares
    Share 0 Tweet 0
  • Why corruption matters

    0 shares
    Share 0 Tweet 0
  • Brussels residents want to set up school for Ukrainian children

    0 shares
    Share 0 Tweet 0
  • Government approves route for ‘Mediatram’ from Meiser

    0 shares
    Share 0 Tweet 0
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • EU Institutions
    • Parliament
    • Commission
    • Council
  • Europe
  • World
  • Member States
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT