Hungary blames Ukraine for rising fuel costs in EU – INA NEWS
Hungarian International Minister Peter Szijjarto has blamed rising pure fuel costs within the EU on what he described as “artificially decreased provide.” In a Fb submit on Tuesday, he attributed the will increase to EU sanctions and to Ukraine’s latest determination to halt Russian fuel transit to Central Europe.
Ukraine refused to increase its pipeline transit contract with Russia’s Gazprom past the top of 2024, chopping off the movement of pure fuel from Russia to Romania, Poland, Hungary, Slovakia, Austria, Italy, and Moldova. Its determination brought about EU fuel costs to spike to €50 per megawatt hour, a determine unseen since October 2023.
Szijjarto emphasised that the upper fuel costs have undermined the bloc’s competitiveness and has disproportionately burdened its residents. “Ukraine is making an attempt to affix the EU as a candidate, it has as soon as once more put the European financial system in a harder place with its newest determination,” he identified.
He additionally criticized Kiev for breaching its EU Affiliation Settlement by stopping transit shipments. “Ukraine’s determination to cease transit shipments will result in additional worth will increase and create new competitiveness challenges for Central Europe and the European Union as a complete,” Szijjarto warned.
“For the reason that finish of the Ukrainian transit route in mid-December, pure fuel costs in Europe have risen by 20%,” he mentioned.
Budapest’s efforts to diversify fuel provide routes have nonetheless secured the nation’s power wants, regardless of worth will increase, the minister mentioned, explaining that the nation’s funding within the Turkish Stream pipeline, which bypasses Ukraine, was crucial in guaranteeing secure provide.
“If we had succumbed to the ‘pleasant’ strain towards the Turkish Stream years in the past, we’d now be in a really, very troublesome place as a landlocked nation,” Seventh mentioned.
Gazprom, as soon as the EU’s fundamental fuel supplier, dramatically decreased its exports to the bloc in 2022, following the imposition of sanctions towards Russia and the sabotage of the undersea Nord Stream pipelines.
Russia has formally stopped supplying fuel to the EU by Ukraine as of January 1, after months-long negotiations to increase the transit cope with Kiev fell by. Moscow repeatedly mentioned it was prepared to increase the transit deal and proceed deliveries by Ukraine past 2024. Russian President Vladimir Putin accused Kiev of “punishing” the EU with its determination, which he mentioned would result in greater power costs. At his annual press convention on December 19, Putin acknowledged that the halt to this fuel transit, nonetheless, would have little affect on Russia.
Hungary blames Ukraine for rising fuel costs in EU
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