They growl in Brussels to get extra money for Hungary to end oil embargo debate
It is not yet clear when the deal on the oil embargo plan will be negotiated under the EU’s sixth sanctions package, as the latter is apparently linked to the financial framework for implementing Russian secession and the REPowerEU package for climate protection, the newspaper said. Yesterday anyway. he heard it from one of his sources a circle: it is to be offered to Hungary (and Slovakia, the Czech Republic) in connection with the embargo plus time and extra money all serve to move out of the debate at the communication level.
As we have pointed out, the Hungarian government has set the bar very high because it claims that it would have threatened to accept the Commission’s original proposal (exemption from the Russian oil embargo by the end of 2023, no additional financial compensation), so the recent relatively cheap The business framework of Mol, which relies on oil, would have to be changed a lot, which would be a year and a hundred billion forints). now in Brussels it was suggested that the exemption be extended to Hungary until the end of 2024, but this was also rejected by the government, and so it came into the picture that In the framework of REPowerEU, which is currently being developed, Brussels can offer extra money for comprehensive energy investments in Hungary.
The Hungarian government’s signals also suggest that if Brussels offers enough money, it can give up its opposition to the Russian embargo, but if it does not, it will demand a complete exemption from Russian oil pipelines without a time limit, as Péter Szijjártó said last time. and Foreign Minister.
As we wrote: many details of REPowerEU and last night were leaked The package of additional investments of 195 billion euros will show that there will be plenty of money for the conversion of the Hungarian oil refinery infrastructure and other developments in Hungary. Meanwhile, the daily.hu The Hungarian circular shows that the dispute over the oil embargo is greatly exaggerated by the Hungarian government, both in terms of time and amount, and most importantly, that Mol, which is set up to refine the relatively cheap dominating oil, can continue to operate, which the 480 fuel price cap also allows you to continue.
Cover image source: MTI / Prime Minister’s Press Office / Benko Vivien Cher. In a photo published by the Prime Minister’s Office, Prime Minister Viktor Orbán will receive Ursula von der Leyen, President of the European Commission, at the Carmelite Monastery, where they will hold a working dinner on 9 May 2022.