Close Menu
The Politic ReviewThe Politic Review
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Trending

Dem Rep. Beatty: Economic Numbers Are Just Made Up, ‘What They’re Reporting Are Just Numbers’

July 23, 2025

DOJ Removes Replacement for New Jersey U.S. Attorney Alina Habba: DOJ ‘Does Not Tolerate Rogue Judges’

July 23, 2025

Macron’s popularity hits record low

July 23, 2025
Facebook X (Twitter) Instagram
  • Donald Trump
  • Kamala Harris
  • Elections 2024
  • Elon Musk
  • Israel War
  • Ukraine War
  • Policy
  • Immigration
Facebook X (Twitter) Instagram
The Politic ReviewThe Politic Review
Newsletter
Wednesday, July 23
  • Home
  • News
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
The Politic ReviewThe Politic Review
  • United States
  • World
  • Politics
  • Elections
  • Congress
  • Business
  • Economy
  • Money
  • Tech
Home»World»EU nation unveils joint pipeline project with Russia
World

EU nation unveils joint pipeline project with Russia

Press RoomBy Press RoomJuly 23, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram

Hungary says the infrastructure is necessary to ensure its security in light of Brussels’ efforts to phase out Russian energy

Hungary has announced progress on a new pipeline with Serbia to transport Russian oil. Foreign Minister Peter Szijjarto said the project is “moving forward” and vowed to defy Brussels’ efforts to cut Budapest off from Russian energy.

The 300km-long pipeline, which will have an expected annual capacity of 4-5 million tons, will enable Serbia to receive Russian oil via the Druzhba pipeline and position Hungary as a transit hub.

Szijjarto made the announcement on Monday 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.

“We’re moving forward with Serbian and Russian partners to build a new oil pipeline between Hungary and Serbia,” Szijjarto wrote on X.

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.

— Péter Szijjártó (@FM_Szijjarto) July 21, 2025

Speaking to reporters, he 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.”


Szijjarto did not disclose Moscow’s exact role in the project, but 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.

Russian oil supplies to the EU have plunged due to Ukraine-related sanctions, including a 2023 embargo on seaborne crude and a price cap on Russian oil. Brussels now aims to eliminate Russian energy imports entirely by 2028 under its RePowerEU plan.

Hungary, which is heavily dependent on Russian energy, opposes the plan and recently blocked new sanctions targeting Moscow’s energy but lifted its veto in July after securing national exemptions. The 18th sanctions package includes a dynamic price cap on Russian oil and curbs on imports of oil products made from Russian crude in third countries.

READ MORE:
Russia sanctions have ‘completely backfired’ – ex-EU commissioner

Moscow has condemned the Western sanctions as illegal and self-defeating, especially those targeting energy, citing price spikes in the EU and warning the bloc will eventually have to turn to costlier alternatives or indirect Russian imports through intermediaries.



Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link

Related Articles

World

Macron’s popularity hits record low

July 23, 2025
World

Iran Refuses to Give Up ‘Dear’ Uranium Enrichment Program in Europe Talks

July 23, 2025
World

State Department accuses EU of ‘Orwellian censorship’

July 23, 2025
World

Brazil: Rogue Judge Alexandre de Moraes Threatens to Have Jair Bolsonaro Arrested Again for Being Filmed in Public

July 23, 2025
World

Ozzy Osbourne, Legendary Black Sabbath Rocker, Dead at 76

July 23, 2025
World

Hunter Biden says he’d invade El Salvador

July 23, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

DOJ Removes Replacement for New Jersey U.S. Attorney Alina Habba: DOJ ‘Does Not Tolerate Rogue Judges’

July 23, 2025

Macron’s popularity hits record low

July 23, 2025

The Obama Bros Respond to Hunter Biden’s Crazy Rant: ‘You Were a Liability’ (VIDEO)

July 23, 2025

Exclusive — Emma-Jo Morris: Hunter Biden Could Be the Left’s Joe Rogan

July 23, 2025
Latest News

Trump Announces Trade Deals with Indonesia and the Philippines – Both Countries Agree to Open Market with ZERO Tariffs on the U.S. but will Pay 19% Tariffs on Exports to U.S.

July 23, 2025

Iran Refuses to Give Up ‘Dear’ Uranium Enrichment Program in Europe Talks

July 23, 2025

Marlow and Morris: Hunter Biden Didn’t Just Cook the Democrat Establishment, He Deep Fried Them

July 23, 2025

Subscribe to News

Get the latest politics news and updates directly to your inbox.

The Politic Review is your one-stop website for the latest politics news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Articles

Dem Rep. Beatty: Economic Numbers Are Just Made Up, ‘What They’re Reporting Are Just Numbers’

July 23, 2025

DOJ Removes Replacement for New Jersey U.S. Attorney Alina Habba: DOJ ‘Does Not Tolerate Rogue Judges’

July 23, 2025

Macron’s popularity hits record low

July 23, 2025

Subscribe to Updates

Get the latest politics news and updates directly to your inbox.

© 2025 Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.