Budapest - Latest News Update, Information, Photos & Videos on Budapest at Lokmat Times

Budapest, May 10 Hungarian Prime Minister Viktor Orban met Ursula von der Leyen, president of the European Commission (EC) here, but the two sides did not reach an agreement over the proposed Russian oil embargo."This evening's discussion with PM Viktor Orban was helpful to clarify issues related to sanctions and energy security," von der Leyen tweeted on Monday night following the 90-minute-long working dinner at the Hungarian leader's residence in the Castle District of Budapest."We made progress, but further work is needed. I will convene a VC (video conference) with regional players to strengthen regional cooperation on oil infrastructure," she added.A European Union (EU) source said on Monday that the EC was considering offering funds to landlocked Eastern EU states such as Hungary, Slovakia and the Czech Republic to modernize their oil infrastructure in order to persuade them to accept the Russian oil embargo.In its sixth sanction package aimed against Moscow, the EU plans to phase out Russian crude oil within six months and refined products by the end of the year, according to von der Leyen.But Hungary and other Eastern European countries, whose economies are largely reliant on Russian oil, are not ready yet to accept the sixth sanction package in its current form."Discussions with the EC president Ursula von der Leyen ended, the topic was of course the next round of sanctions in Brussels and its impact on Hungary and the Hungarian economy," said Peter Szijjarto, the Hungarian Minister of Foreign Affairs and Trade, who also took part at the meeting."This round of sanctions in Brussels would cause enormous problems for Hungary if it came into force, because Hungary's energy supply is secure now, but the adoption of this sanctions package would compromise our energy security, because it would be impossible for us to obtain enough oil."As long as the EC does not offer a solution to these problems, of course Hungary cannot support this series of sanctions," Szijjarto said in a video message posted on his Facebook page.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

BudapestFOLLOW

Budapest, Latest News

Budapest, June 1 The European Commission's proposal to ban the use of oil from Russia in Hungary was ... ...

Minister of State for External Affairs Meenakashi Lekhi on Monday sought more investment from Hungary and said green hydrogen was a potential area of collaboration between the two countries. ...

Minister of State for External Affairs Meenakshi Lekhi on Monday sought more investment from Hungary and said green hydrogen was a potential area of collaboration between the two countries. ...

Budapest, May 25 Hungary's Parliament has amended the country's constitution to enable the government to introduce a special ... ...

Warsaw, May 18 Katalin Novak, Hungary's newly elected President, visited Warsaw on her first foreign trip as head ... ...

Budapest, May 17 Viktor Orban took the oath of office for the fifth time as Prime Minister of ... ...

Budapest, May 15 Hungary's first-ever female President Katalin Novak gave a message of hope and unity following her ... ...

Budapest, May 10 Hungarian Prime Minister Viktor Orban met Ursula von der Leyen, president of the European Commission ... ...