Beautiful Virgin Islands

Wednesday, Oct 08, 2025

EU's Russia oil ban in jeopardy as Hungary rejects sanction as 'atomic bomb' for economy

EU's Russia oil ban in jeopardy as Hungary rejects sanction as 'atomic bomb' for economy

Viktor Orban could veto the bloc's planned oil embargo unless the EU comes back with proposals which recognise Hungary's difficulties, which include an energy infrastructure pointing almost squarely towards Moscow.

Hungary has warned it cannot accept the EU's planned ban on Russian oil as it would amount to an "atomic bomb" for its economy, threatening to scupper the bloc's sixth sanctions package against Moscow.

Prime Minister Viktor Orban - no stranger to disputes with the bloc's executive - told state radio he was ready to negotiate on any proposal that would meet Hungary's interests.

But he declared that what was on the table would prove too costly.

The country sources almost 65% of its oil supplies, including refined products, from Russia.

Ursula von der Leyen, the European Commission president, used a speech to the European Parliament in Strasbourg on Wednesday to declare that the time had come for the bloc to ban Russian oil supplies within six months and refined products by the end of the year.

She said then: "It will not be easy. Some member states are strongly dependent on Russian oil. But we simply have to work on it.

"Putin must pay a price, a high price, for his brutal aggression."

The proposal, part of a new round of measures aimed at punishing Russia for its invasion of Ukraine, follows a similar move announced by Britain and the United States in March.

Hungary and Slovakia, under the embargo plan, have been given an extra year to make alternative arrangements.

The Reuters news agency, citing three EU sources, reported on Friday that further concessions under discussion to win nation states over would include giving Hungary, Slovakia and the Czech Republic more time to adapt to the embargo, and help with upgrading their own oil infrastructure.

Hungary's opposition poses a threat to the embargo as it requires the support of all 27 member states to be approved.

It was only made possible after Germany, Europe's biggest economy, declared that it was now in a position to source the supplies it needed from elsewhere.

In his radio interview Mr Orban, who was re-elected for a fourth term last month and is widely seen as a Putin ally, voiced concern about the EU's backlash against Russia's actions.

Viktor Orban is seen after casting his vote in Hungary's elections last month


He reiterated that Hungary would not send weapons to Ukraine, like some other member states, insisting his country's stance was "for peace".

On the specific energy issue, he argued that Hungary would need five years and make huge investments in its refineries and pipelines to be able to adjust to any Russian oil ban.

"We know exactly what we need, first of all we need five years for this whole process to be completed... one to one-and-a-half years is not enough for anything," Mr Orban said.

He said Hungary was waiting to see a new proposal from the commission.

"I don't want to confront the EU but to cooperate... but this is only possible if they take our interests into account."

Mr Orban also said Hungary would not support the blacklisting of the head of the Kremlin-allied Russian Orthodox Church, Patriarch Kirill, as this was an "issue of religious freedom".

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
×