Hungary manages to exclude pipeline oil from price cap

During Tuesday’s meeting of EU representatives, Hungary managed to exclude pipeline crude from the proposed price cap on the Russian oil, Hungarian Foreign Minister Peter Szijjarto said.

"A meeting of [EU] permanent representatives has just ended in Brussels, and sanctions were on its agenda. <…> We negotiated hard and ensured that the oil price cap is not applicable to pipeline deliveries (this is exactly how we buy crude vital for our energy security), and, in case of an emergency, to oil delivered by sea," the Hungarian top diplomat wrote on his Facebook page (a social network banned in Russia since it is owned by Meta Corporation, which has been deemed extremist by Russia’s authorities).

Hungary ensured that the nuclear power generation sector does not fall under anti-Russian sanctions, Szijjarto said.

"We managed to make nuclear energy exempt from sanctions. Therefore, the sanctions are not applicable to construction of [new reactors of Hungary’s] Paks nuclear power plant," the Hungarian top diplomat wrote.

"Moreover, not a single organization important for cooperation in nuclear research was included into the sanctions list," he added.