Hungary has found a way to bypass all restrictions for buying gas in Russia

27 April 2022, 13:57 | Economy
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At a time when democratic countries are looking for options to refuse Russian gas due to the fact that the Russian army attacked Ukraine, Hungary finds ways to bypass all restrictions on gas supplies from the aggressor.

Russian gas deliveries to Hungary continue “on schedule, without hindrance and in accordance with a long-term contract with Russia,” said Hungarian Foreign and Trade Minister Peter Szijarto, quoted by Hungary Today.

So he commented that Russia stopped gas supplies to Poland and Bulgaria because of their refusal to pay the aggressor in rubles.

Bulgaria is one of the main transit countries for Russian gas to Hungary. Through Turkey, Bulgaria and Serbia, Hungary annually receives about 3. 5 billion cubic meters of gas, which is a significant part of the country's annual consumption.

According to Sijarto, gas transit through Bulgaria to Serbia or Hungary is separated from gas supplies to these countries (different companies are involved in this).

In addition, Hungary agreed to pay Russia for gas in rubles..

“We have found a solution when Hungary will pay in euros to an account opened with Gazprombank, which will then exchange them for rubles and transfer them to Gazprom Export,” Sijarto said..



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Due to the fact that on April 27, Gazprom stopped gas supplies to Bulgargaz (Bulgaria) and PGNiG (Poland) due to non-payment in rubles, the price of gas at auctions in Europe jumped by 16% - above $1,300/thousand. cube.

The issue of restricting energy exports from Russia has been actively discussed in the EU for several weeks, and there is still no unanimity on what decision to take. Read more about this problem in the article by Mikhail Gonchar \?




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