Hungarian FM Szijjarto revealed that talks are ongoing with Gazprom, and threatened to veto EU sanction if its Russian oil exclusion is revoked.
Euroactiv reports that Hungary is actively negotiating additional gas supplies with Russia’s Gazprom in 2025. Peter Szijjarto, Hungarian Minister of Foreign Affairs, told Russia’s RIA News Agency on 15 October. This comes after Hungary signed an agreement to supply additional gas volumes at competitive rates for the last quarter 2024.
Russia has weaponized its gas supply to exert pressure on Europe for years, using strategies such as reducing flow rates and increasing prices. After Russia’s invasion of Ukraine on a large scale, the Kremlin cut off gas supplies in order to force the EU to make favorable political decisions. This tactic backfired as the EU reduced its dependence on Russian gas through diversifying its energy resources. The EU sanctions against Russia include an import ban for all Russian crude oil and petroleum products. Hungary is the most pro Russian EU member state.
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