Hungary Exempt from Russian Oil Price Cap

2022. december 06.


Péter Szijjártó considers the European Union’s oil price cap to be contrary to Hungarian and European interests. Hungary will be exempted from the oil price cap. 

Minister of Foreign Affairs and Trade Péter Szijjártó reacted critically to the European Union’s decision to set an oil price cap for crude oil and petroleum oils and oils obtained from bituminous minerals which originate in or are exported from Russia, at USD 60 per barrel.