To “cover all costs” due to the embargo on Russian energy, Hungary is asking the EU for compensation of 15-18 billion euros.
This was reported by “European Pravda”.
Hungarian Foreign Minister Peter Siyarto said during the meeting of EU foreign ministers that the embargo would cause significant economic losses for his country.
Siyarto added that fuel prices could rise by 55-60%. And to alleviate this situation, the EU needs to invest about 15-18 billion euros in Hungary.
“The European Commission has created a problem with the proposal, and the Hungarian people have a legitimate expectation that it will also make a proposal to finance investments to compensate or prevent rising prices, which will require a complete modernization of the Hungarian energy network worth 15-18 billion euros” - said Siarto.
Earlier it became known that the European Union is ready to finance the construction of oil pipelines for Hungary so it instead supports the 6th package of the sanction against russia.
Recently, Peter Siyarto told how much money his country will need if the embargo on russian oil is passed.