Cryptocurrency

Hungary working on ‘solution’ to pay for Russian gas in May -foreign minister By Reuters


© Reuters. Gas pipelines are seen in a gas distribution heart close to the Serbian border in Kiskundorozsma, Hungary, September 28, 2021. REUTERS/Bernadett Szabo

BUDAPEST (Reuters) -Hungary’s gas provide is predicated on a bilateral contract with a cost obligation to Gazprom (MCX:) due in May, and the answer for this cost is at the moment being labored out, Hungarian International Minister Peter Szijjarto stated on Wednesday.

Replying to a query on whether or not Hungary may pay in roubles for the Russian gas imports, Szijjarto instructed reporters:

Purchase cryptocoins now and earn $10
Earn Cash with Cudominer – Mining Plataform

“Our first cost obligation is due on the finish of May. The technical answer is there to enable us to give you the option to pay for the gas now we have used, and the technical particulars of this answer are at the moment being labored out.”

He didn’t present additional element.

Russia has requested its abroad purchasers from so-called “unfriendly” international locations to pay in roubles for , a plan which has met robust criticism from Europe.

Hungary, which is closely reliant on Russian gas and oil imports, signed a brand new long-term gas provide settlement with Russia final 12 months. Hungary has been one of some EU member states which have rejected vitality sanctions towards Moscow after Russia’s invasion of neighbouring Ukraine.

Prime Minister Viktor Orban, whose authorities has pursued shut enterprise relations with Moscow for over a decade, swept to energy for a fourth consecutive time period in elections on Sunday, partly on a pledge to protect safety of gas provide for Hungarian households.

Orban rejected sanctions on Russian oil and gas saying that will wreck the economic system.

Szijjarto stated on Wednesday that Hungary’s gas provide was based mostly on a bilateral contract between a unit of Hungarian state-owned MVM and a unit of Gazprom and the EU “had no position” in this contract.

“As for the intention of the European Fee that there needs to be some type of widespread response from international locations importing Russian gas, we don’t suppose that’s mandatory,” Szijjarto stated, including that international locations had individually signed bilateral contracts.

“And the way everybody modifies their contracts, its none of our enterprise….simply as nobody has a say in how we modify our personal contract.”

Disclaimer: Fusion Media would love to remind you that the info contained in this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs aren’t supplied by exchanges however slightly by market makers, and so costs is probably not correct and should differ from the precise market value, which means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm on account of reliance on the data together with knowledge, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding types doable.

Supply hyperlink

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button