Hungary

Hungary Repeats: We Do Not Support Import Ban on Russian Oil
Business, Hungary, News, Russia

Hungary Repeats: We Do Not Support Import Ban on Russian Oil

Hungary will not support European sanctions targeting Russian oil and gas, Hungarian Foreign Minister Peter Szijjarto has said. In doing so, the minister repeated a previously expressed view of his government via Facebook.   Still, French Finance Minister Bruno Le Maire said on Tuesday that a European import ban on Russian oil is in the works. France has been calling for a ban on Russian oil for some time now. German parliamentarians last week announced that a majority in the Bundestag is in favour of an oil embargo against Russia. Berlin has been cautious until now because Germany is very dependent on that oil. Ukrainian President Volodimir Zelensky has called for a boycott of Russian oil several times. The European Union has introduced a package of sanctions against Russia becau...
Hungary and Poland Have Accepted A Compromise Proposal on the EU Budget
Europe, Hungary, News, Poland

Hungary and Poland Have Accepted A Compromise Proposal on the EU Budget

Hungary and Poland have accepted a compromise proposal on the EU budget and the Corona Recovery Fund with some reserve.   Rotating EU president Germany has been trying to find a way out of the stalemate on this for some time. The two countries are holding back approval so far because the plans provide that violators could lose their EU subsidies if they violate the rule of law. The content of the compromise has not been disclosed. It is first presented to the Netherlands and other countries that do not want the water to be compromised when it comes to respect for the rule of law. According to a Polish government official, the goal is to reach an agreement before the heads of government meet in Brussels on Thursday afternoon for their December summit. An earlier compromise proposa...