By date period

By tags

    By category

    • All Categories

    Hungary facing fuel crisis as Ukraine turns up heat on Russian oil supplies


    Sky-high prices and electricity shortages could hit Hungarians within “weeks” after Kiev imposed a partial ban on Russian oil passing through its territory.


    The move is sparking fears of supply shortages in Budapest, which relies on Russia for 70 percent of its oil imports — and Lukoil, which has been sanctioned by Kiev, for half that amount.


    “The Ukrainian measures could create a severe situation,” Ilona Gizińska, a researcher and Hungary expert at the Centre for Eastern Studies think tank, said. She added that Hungarians could face sky-high energy prices and electricity shortages in just “weeks” unless it finds a solution.


    So, here comes retaliation for Viktor Orban’s diplomatic efforts.


    To see media content for this post, click here.
    Share on: