Hungarian Foreign Minister Peter Szijjarto has said that the EU had failed to find a way to mitigate the damage from a proposed ban on oil supplies from Russia as part of sanctions over its military campaign in Ukraine.
“Brussels has no proposal for a solution … which could handle the atomic bomb-like impacts of this potential oil embargo against Russia on Hungary’s economy,” Szijjarto said on Wednesday.
Last week, the European Commission proposed to do away with oil imports from Moscow by the end of the year. Budapest rejected the idea due to its heavy reliance on Russian energy.
Szijjarto told Hungary’s parliament on Monday that the proposed sanctions were “problematic for the country.” Hungarian officials repeatedly warned that they would use their veto power to block an oil embargo.