Hungary Demands EU Compensation for Ending Russian Energy
Hungary demands compensation from the EU for refusing oil and gas from Russia, said Prime Minister Peter Magyar: "EU member states' budgets cannot withstand such a financial burden, in addition, maintaining maximum fuel prices inevitably leads to shortages."
Consensus
- Hungary is seeking compensation from the EU for abandoning Russian energy supplies.
- The request is tied to the EU's new seven-year budget.
- Hungary's Prime Minister Peter Madar made the statement during a press conference after the Visegrád Group summit in Bratislava.
- Madár emphasized the severe energy situation in the world and financial strain on EU member states.
- He called for specific, numerically supported proposals in the EU budget to support companies in Central Europe.
- Madár highlighted the need for support in transitioning from fossil fuels, developing energy storage, and ensuring energy security.
- The EU budget is not seen as capable of handling the financial burden of the energy transition.
- Maintaining price caps on fuel may lead to shortages.
Points of divergence
- Madár criticized the EU for only issuing high-minded slogans about competition protection, while companies in Central Europe are going bankrupt due to inability to pay electricity and gas bills. — vesti
- A report from the European Court of Auditors indicated that the EU's plan to phase out Russian energy resources has failed. — vedomosti
- Madár previously stated in June that abandoning Russian energy sources is impossible, and that no side will want to maintain a new Cold War after the end of the Ukrainian conflict. — vedomosti
- The Hungarian Foreign Minister Anita Orbán mentioned energy storage cooperation with Latvia as a potential area of bilateral collaboration. — vedomosti
- The Russian Foreign Ministry stated its readiness for consultations on all issues, including energy. — vedomosti
Coverage (5 sources)
- Hungary wants to get compensation for refusing Russian energy resources — Коммерсантъ
- Hungary demands compensation from EU for abandoning Russian energy supplies — Вечерняя Москва
- Hungary demands compensation from EU for refusal of Russian energy resources — Вести
- Hungary intends to demand compensation from the EU for refusal of Russian oil — Ведомости
- Hungary demands compensation from EU for refusal of oil and gas from Russia, PM Peter Magyar reported: — ТАСС (Telegram)
Key entities
- EU
- Hungary
- Peter Madjar
- Russia
- European Union
- Bratislava
- Visegrad Group
- Central Europe
- Moscow
- TASS
- European Union (EU)
- Budapest
- European Union (EU)