Hungary says EU’s Russian oil ban plan lacks security guarantee | Russia-Ukraine war News

The EU’s chief has referred to as for a ban on Russian oil imports by the top of 2022 over Moscow’s battle in Ukraine.

Hungary says European Union proposals to enact sanctions on Russian oil don’t present any ensures for its power safety.

On Wednesday, after the EU’s chief referred to as for a ban on Russian oil imports by the top of 2022, Hungarian authorities spokesman Zoltan Kovacs mentioned his nation sees no plans on how a transition might be managed.

“We don’t see any plans or ensures on how a transition might be managed based mostly on the present proposals, and the way Hungary’s power safety could be assured,” Kovacs advised Reuters and AFP information businesses.

Requested if this meant Hungary outrightly rejected the EU’s proposal, the Hungarian authorities press workplace didn’t instantly reply.

In a doc seen by AFP, European Fee President Ursula von der Leyen’s proposal urged that Hungary and Slovakia, each extremely depending on Russian oil, be given extra time to satisfy the EU calls for to enact the ban.

Additionally on Wednesday, 27 EU state ambassadors will meet to debate von der Leyen’s plan, and a unanimous settlement must be reached earlier than it goes into impact.

Hungary and Slovakia have beforehand mentioned they will not support the sanctions in opposition to Russian power that the EU is making ready over the battle in Ukraine, insisting that they’re too reliant on these provides and there aren’t any speedy options.

Hungary’s Prime Minister Viktor Orban – who has cultivated shut ties with Russian President Vladimir Putin lately – mentioned the central European nation is much too depending on Russian gasoline and oil.

International Minister Peter Szijjarto reiterated on Tuesday that “at present it’s bodily not possible to function Hungary or the Hungarian economic system with out Russian oil”.

Based on Hungarian authorities spokesman Kovacs, 65 p.c of Hungary’s oil and 85 p.c of its gasoline provides come from Russia.

Regardless of disagreement amongst EU members on new power sanctions, on Tuesday European Council President Charles Michel pledged to “break the Russian battle machine” by steering international locations on the continent away from Russia’s pure gasoline provides.

The bloc is racing to safe different provides to Russian power, inserting precedence on international liquefied pure gasoline (LNG) imports from international locations that embody main producers like Algeria, Qatar and the US.

That features LNG amenities being in-built northern Greece, which Michel and the leaders of 4 Balkan international locations toured on Tuesday.

“We’re additionally sanctioning Russia to place monetary, financial and political strain on the Kremlin as a result of our aim is straightforward: We should break the Russian battle machine,” Michel mentioned.

He met Greek Prime Minister Kyriakos Mitsotakis and the leaders of Bulgaria, North Macedonia and non-NATO member Serbia on the Greek port of Alexandroupolis. An LNG import terminal close to the port metropolis is because of begin operation subsequent 12 months.

LNG that arrives by ship is turning into more and more essential as EU international locations look to maneuver away from Russian provides. Russia final week cut off natural gas to Bulgaria and Poland, citing their refusal to pay in Russian roubles, in an escalating dispute triggered by the invasion of Ukraine.

“That is why this new LNG terminal is so well timed and so essential. It’s a geopolitical funding and it is a geopolitical second,” Michel mentioned. “It displays what we have to do extra of as a result of it can present safety of provide to Greece, to Bulgaria, North Macedonia, Serbia and different international locations within the area. And that is extraordinarily essential.”