Hungarian Conservative

Bulgaria has offered to help maintain Hungary’s energy security if Ukraine does not resume Russian Lukoil oil shipments to Hungary in the near future. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó called Sofia’s offer a sincere gesture of friendship.

The Hungarian government has taken a decisive step following Kyiv’s decision to halt Lukoil’s oil shipments to Hungary and Slovakia via Ukraine. According to Hungarian Minister for Foreign Affairs and Trade Péter Szijjártó, Budapest will block payments from the European Peace Facility, amounting to approximately €6.5 billion, until Kyiv restores uninterrupted oil transit.

Hungary and Slovakia are taking joint action against Ukraine over its halting of Russian oil shipments to the two EU member states. This move seriously threatens the long-term energy security of both countries, and is considered a violation of the EU–Ukraine Association Agreement by Budapest and Bratislava.