HomeWorldThe media found out...

The media found out why Budapest did not block sanctions against Russian liquefied gas

Photo: Getty Images

Hungary softened its stance on LNG restrictions as it secured “perpetual” protection for the Paks II nuclear power plant project, operated by Rosatom.

The Hungarian government agreed to the 14th package of sanctions with the EU, which includes restrictions on the supply of Russian liquefied natural gas (LNG) in exchange for the fact that there are no measures that threaten the implementation of the Paks project II nuclear power plant. This was reported by the Hungarian service of Radio Liberty, citing its source.

Budapest stopped blocking EU sanctions, but in return Paks II was “protected” from sanctions.

The government exempted Paks II from sanctions in previous packages, but this is always done on a case-by-case basis. However, this concession does not change the position of the Hungarian government, which opposes all sanctions related to nuclear issues, including sanctions against Rosatom officials for their role in the Russian occupation and operation of the Zaporozhye nuclear power plant.

The Hungarian government has previously ruled out supporting any punitive measures affecting the Russian gas sector, citing security of supply.

Last year, Russia earned about eight billion euros from the export of liquefied natural gas. The current embargo will affect about a quarter of this amount. However, due to European sanctions, Moscow may have to rethink its business model and deliver natural gas through new routes (for example, through the Arctic Ocean) to Asian markets. This will require special icebreakers.

Hungary had another serious reservation against the proposed sanctions, which would oblige European parent companies present in Russia to ensure compliance with the sanctions in the case of their subsidiaries in that country. Radio Liberty said this would be a problem, especially for the Hungarian bank OTP, which has interests in Russia. However, the proposal is so loose that interested investors in Europe today do not see it as a threat.

As already written, Hungary named the goals of its presidency of the European Union. Official Budapest does not consider Ukraine or the war in Ukraine to be its priority.

NATO restricts intelligence sharing with Hungary


New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

5 K-Pop songs that were inspired by books and movies

With Brazilian reference included; Meet 5 songs by K-Pop artists who had books, animations and movies like InspirationThat art inspires thousands of people around the world everyone knows. She, who with her particular meanings and detailed details, is able to sensitize and become a model for new...

What are the movies that make up the age of Disney’s shadows?

Find out what are the films released by Disney that were marked by the characteristics of the studio's shadows ageDo you know what was the age of Disney's shadows? Also called the Dark Era, it was obscure, the darkness and was bronze, this is the period marked...