NewsHungary accuses Ukraine of blackmail over Russian oil supplies

Hungary accuses Ukraine of blackmail over Russian oil supplies

Viktor Orban, / Wołodymyr Zełenski
Viktor Orban, / Wołodymyr Zełenski
Images source: © Getty Images | Bloomberg

1:19 PM EDT, July 26, 2024

The head of the Hungarian Prime Minister's Office, Gergely Gulyas, stated at a press conference on Friday that Ukraine is using blackmail tactics against Hungary and Slovakia, threatening to cut off Russian oil supplies. The alleged reason is the support of Budapest and Bratislava for a ceasefire and peace talks in the Russian-Ukrainian war.

According to Gulyas, Hungary may face fuel shortages if the situation does not improve. However, he noted that the country's current level of fuel reserves is high. Despite this, an agreement on oil supplies must be reached by September at the latest.

Hungary: Ukraine is blackmailing us

Last week, Ukrainian authorities halted oil supplies from the Russian company Lukoil. The Hungarian government believes that Ukraine's actions are contrary to its agreements with the European Union. Additionally, Budapest claims these actions could affect Ukraine's accession process to the Community.

Therefore, Hungary has asked the European Commission for mediation. As European Affairs Minister Janos Boka, who was present at Friday's press conference, said, "We expect the EC to start consultations initiated by the Hungarian government. Our next steps will depend on that."

Peter Szijjarto, Hungary's Minister of Foreign Affairs, stated, "33 percent of Hungary's oil imports and about 40-45 percent of Slovakia's oil imports come from supplies by the Russian company Lukoil through Ukraine."

The government of Viktor Orban has announced that it will block the disbursement of €6.5 billion ($6.8 billion) compensation for arms transfers from the European Peace Facility (EPF) until Ukraine resolves the issue of the transit of oil supplied by Lukoil. Szijjarto conveyed this information on Tuesday in an interview with ATV television.

Hungary is heavily dependent on Russian energy resources. It imports 159 billion cubic feet of natural gas annually under a 15-year contract with Gazprom, signed in September 2021. Last year, the country imported 5 million tons of oil. Additionally, the Russian state-owned company Rosatom is responsible for expanding Hungary's only energy plant, the nuclear power plant in Paks, located in central Hungary.

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