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Foreign minister Péter Szijjártó put a figure on Hungary's infrastructure upgrade of €15-18bn (Photo: consilium.europa.eu)

Hungary wants EU billions for Russia oil-ban deal

Hungary is continuing to block an EU oil embargo on Russia, but there is optimism its objections can be overcome.

The Hungarian foreign minister, Péter Szijjártó, put a price on Budapest's compliance in a Facebook post while meeting fellow EU ministers in Brussels on Monday (16 May).

"The EU should offer a solution: to finance the investments and compensate for ... the [ensuing] price rises which necessitates a total modernisation of Hungary's energy structure in a magnitude of ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Foreign minister Péter Szijjártó put a figure on Hungary's infrastructure upgrade of €15-18bn (Photo: consilium.europa.eu)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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