Hungary announces construction of oil pipeline with Russia and Serbia
Hungarian Foreign Minister Peter Szijjarto, taking to X wrote 'We're moving forward with Serbian and Russian partners to build a new oil pipeline between Hungary and Serbia.
'While Brussels is banning Russian energy, cutting links and blocking routes, we need more sources, more routes. Hungary won't fall victim to these disastrous decisions.'
Szijjarto made the announcement yesterday after meeting with Russian Deputy Energy Minister Pavel Sorokin and Serbian Minister of Mining and Energy Dubravka Dedovic-Handanovic.
Szijjarto said all sides support the project, which could be operational by 2027, and have reviewed investment and construction details, reports RT News.
He further accused Brussels of seeking 'to cut us off from Russian oil and gas, forcing Hungarian families to pay two to four times more.'
'We won't allow that. We are building new sources, not shutting them down.'
While the Hungarian FM did not disclose Moscow's exact role in the venture, Russian Deputy Prime Minister Alexander Novak said at the St. Petersburg International Economic Forum last month that the country was ready to both aid in construction and supply oil to the planned pipeline.
Hungary's relationship with the European bloc has been stormy, as the country refused to cut ties with Russia following its war Ukraine, and has further denounced the EU's move to cut away its dependence on Moscow's oil and gas supplies by 2028 under its RePower EU Plan, calling the move illogical and detrimental Budapest's energy security. UNI ANV SSP
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