Espreso. Global

EU bows to Hungary, will not cap Russian oil prices in new package of sanctions on Russia 

5 October, 2022 Wednesday
17:59

The EU has bowed to Hungary's demands and will not cap Russian oil prices in the prices in the 8th package of sanctions against the Russian Federation

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This was announced by the Minister of Foreign Affairs of Hungary, Peter Szijártó, on Facebook.

According to him, the cap on oil prices from Russia will not apply to raw materials delivered through pipelines, and the new sanctions will not affect nuclear energy either.

"We negotiated hard and got the cap on oil prices out of pipeline supplies. That's how we buy the oil we need for our energy security, and in an emergency, it also doesn't apply to marine transportation that replaces pipelines."  , - wrote Sijarto.

He added that the sanctions will not affect the Russian nuclear power industry and companies working in this field.

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