EU nation says it’s ready to pay rubles for Russian gas
Hungary has no problem with Moscow’s energy payment demand, PM Orban says
Hungary’s Prime Minister Viktor Orban said on Wednesday he is opposed to any EU sanctions on Russian energy, adding his country will accept Moscow’s directive that gas supplies be paid-for in rubles.
Hungary will not yield to pressure and will not support restrictions of oil and gas supplies from Russia because this is a ‘red line’ for Hungary, Orban explained, as cited by Reuters.
Earlier on April 6, the country’s Foreign Minister Peter Szijjarto said gas contracts were a matter between his country and Russia, and that the EU had “no role” to play in the deal.
READ MORE: Russia’s gas-for-rubles payment schedule explained
According to Orban, the nation will not follow Washington’s lead and join the ban on energy trade with Russia. He stressed “this is out of the question” because “it will be an unbearable burden for Hungary.”
The prime minister pointed out that 85% of all gas consumed in Hungary comes from Russia and that 85% of Hungarian households use gas. He added that the country’s fuel is produced from oil, 64% of which is also supplied by Russia.
According to media reports, the fifth package of anti-Russia sanctions may be approved by the EU as early as on April 6.
For more stories on economy & finance visit RT’s business section
Discover More
Crypto believers insist this is all worth it. Is it?
Getty ImagesCrypto is a solution in search of a problem — or problems. When it comes to crypto, all the...
Russia moves to withdraw from WTO, WHO
Proposals for ending membership in the international organizations have been sent to the parliament Russia’s lower house of parliament, the...
Americans paying record prices at the pump
The national average price for gasoline hit $4.523 per gallon on Tuesday, according to the AAA US gasoline prices have...
EU’s energy policy is economic suicide – Putin
Attempts to ditch Russian fossil fuels have triggered energy inflation in the West, president says Russian President Vladimir Putin said...
Russia’s neighbor mounts legal challenge to gas for rubles demand
A Finnish state energy company has pledged to take the dispute to arbitration Finland’s state-run energy provider Gasum said it...
Russian asset seizure will have brutal global impact – analysts
Such action could undermine trust in the international economic system The potential confiscation of Russian assets abroad could lead to...