BUDAPEST (Reuters) – Hungary has not received any new serious proposal from the European Commission regarding oil sanctions on Russia since a visit of the Commission president to Budapest earlier this month, Hungary’s foreign minister said on Monday on his Facebook page.
“The European Commission has caused a problem with a proposal so its a rightful expectation from Hungary… that the EU should offer a solution: to finance the investments and compensate for … the (resulting) price rises which necessitates a total modernisation of Hungary’s energy structure in a magnitude of 15-18 billion euros,” Peter Szijjarto said.
He said another solution would be to make oil shipments via pipeline exempt from the planned embargo.
(Reporting by Krisztina Than; editing by Jason Neely)
