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    Hungary achieves exemption from application of Russian oil price ceiling

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    Hungary fought a lot for national interests during negotiations in the European Union and was exempted from the need to apply a ceiling on Russian oil prices. This was announced by the Foreign Minister of this country, Peter Szijjarto.

    The diplomat also called the price ceiling a harmful measure for the European Union. In his opinion, in order to reduce prices, it is necessary, on the contrary, to increase the number of energy carriers.

    In October it became known that the price restriction would not apply to Russian gas supplies to Hungary. This was then announced by Prime Minister Viktor Orban.

    On December 2, it became known that the G7 countries and Australia had agreed on the introduction of a ceiling price for Russian oil at $60 per barrel. Some states, including Ukraine, the Baltic countries and Poland, demanded a stricter price ceiling – $30 per barrel.

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