Hungary confirms oil embargo talks are moving forward - media

11 May 2022, 04:19 | Policy
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Talks between Hungarian Prime Minister Viktor Orban and President of the European Commission Ursula von der Leyen on proposed sanctions on Russian oil imports have progressed according to both sides.

Bloomberg writes about it..

Orban, who is blocking EU sanctions citing Hungary's dependence on Russian energy, received European Commission President Ursula von der Leyen at his office in Budapest for a working dinner on Monday night, the newspaper notes..

"

At the same time, he stressed that much more needs to be done for them to potentially change their position..



After the meeting, von der Leyen said she was convening a virtual conference to "

Talks with Orban "

"

On May 4, the President of the European Commission, Ursula von der Leyen, presented the sixth package of EU sanctions against Russia, including the oil embargo and Sberbank disconnection from SWIFT.

At the same time, the Hungarian government called the EU plan for a complete ban on Russian oil imports unsatisfactory, because it threatens Hungary's energy security..

According to experts, Russia, if the EU introduces an oil embargo, will lose up to 24% of state budget revenues..




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