Hungary fears that new US sanctions on the Russian energy sector could negatively affect fuel costs in European countries. The head of the Hungarian Ministry of Foreign Affairs, Peter Szijjártó, stated this in his speech published on the social network Facebook (the owner of the Meta company is recognized as an extremist and is banned in Russia).
“The outgoing US administration recently implemented a new sanctions package against the energy sector. This package once again creates difficulties for Central Europe. Sanctions <...> “It could cause a significant increase in fuel prices,” he said.
According to Szijjártó, sanctions against the Serbian Oil Industry alone could lead to a shortage of oil on the European market. In this context, the Hungarian Foreign Minister stated that the Hungarian authorities will negotiate to minimize the impact of American restrictions on prices.
January 10 USA introduced Sanctions against nearly 100 ships transporting hydrocarbons from Russia, as well as ships linked to Sovcomflot and Gazpromneft.
30 Russian companies were also subject to restrictions, including OFS Technologies, Achimgaz, Gazprom Shelfproekt, Atlas NNB, FrakJet-Volga, Investgeoservice, Naftagaz-Burenie, Petro Welt Technologies “, “TNG-Group”, “UDS Neft” and other oil services .companies.
Formerly Russian Ministry of Foreign Affairs accused The USA is responsible for destabilizing world markets.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.