Business · Energy & Commodities · 4 hrs ago

Magyar says Hungary cannot quickly end reliance on Russian oil

Magyar says Hungary cannot quickly end reliance on Russian oil

Hungary still depends on Russian oil and gas.

Magyar said that dependence cannot be ended overnight.

The statement concerns Hungary’s energy supplies and its reliance on Russia.

Economy and Energy Minister Istvan Kapitany has said Hungary is ready to stop using Russian gas by October 2027.

That date applies to gas, not oil.

No date for ending Russian oil imports was given.

The comments indicate that Hungary’s shift away from Russian energy will not happen quickly.

Sources

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