CURRENT Hungary rejects price ceiling on Russian gas – Topky.sk

Szijjártó, who negotiated with Russian Foreign Minister Sergey Lavrov in Moscow in July to increase gas supplies to Hungary by 700 million m3 per year above the agreed level as part of a long-term contract, added that the introduction of a price ceiling on Russian gas would lead to an immediate stoppage of supplies of the raw material to Europe. Russia is the largest contributor to Hungary’s total gas and oil consumption. Photo gallery (2) Hungarian Minister of Foreign Affairs Péter Szijjártó
Source: SITA/AP Photo/Petr David Josek A price ceiling would lead to a stoppage of supplies “The plan, based on which the price of only gas imported through gas pipelines from Russia would be capped, is completely against European and Hungarian interests,” said Szijjártó. “If restrictions are introduced exclusively on Russian gas, it will clearly lead to an immediate stoppage of supplies from Russia. One does not need a Nobel Prize to understand this,” the Hungarian minister added. Hungary is one of the biggest critics of European Union sanctions against Russia for its invasion of Ukraine. The Hungarian government claims that the sanctions have not significantly weakened Russia, but on the other hand, they threaten the European economy.