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EU Tensions Grow Over Hungary's Demand For An Exemption To A Russian Oil Embargo

 

Politico: EU tensions grow over Russian oil ban as Hungary demands exemption  

Diplomats object to plan to send cash to Hungary while Budapest says pipeline deliveries must continue. 

The European Commission is facing a backlash against plans to send funding to Hungary as part of an effort to persuade Prime Minister Viktor Orbán to agree to EU sanctions on Russian oil. 

At a meeting of senior diplomats in Brussels on Wednesday, several EU countries raised concerns about a plan to offer Hungary compensation — first reported by POLITICO — as part of a forthcoming energy strategy, diplomats said. 

The dispute reflects the increasing difficulties confronting officials in Brussels as they seek to ratchet up pressure on Moscow over the war in Ukraine. 

Read more .... 

EU Tensions Grow Over Hungary's Demand For An Exemption To A Russian Oil Embargo 

Hungary Hardens Opposition to EU Embargo on Russia Oil Imports -- Bloomberg  

Hungary says its backing of EU's Russia oil ban hinges on hundreds of millions of dollars -- Reuters 

EU considers more cash for eastern states in bid for deal on Russia oil ban -- EurAcitv  

An EU ban on Russian oil would be a 'seismic shift' that erases 3 million barrels a day from the market, a top forecaster says -- Markets Insider  

EXPLAINER: Why is Hungary blocking sanctions on Russian oil? -- AP



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