Brussels should protect the interests of Europeans, not ideology, as the Middle East crisis escalates, Peter Szijjarto says
Hungarian Foreign Minister Peter Szijjarto has urged the EU to lift its ban on Russian oil and gas imports, as escalating Middle East tensions and attacks involving Iran have sent global oil prices soaring.
The latest US-Israeli attacks against Iran have sharply increased risks for vessels in the Strait of Hormuz, the route for around 20% of global oil. Traffic has reportedly dropped by 80% after several tankers were hit, pushing crude above $100 and prompting expectations of emergency energy measures from the EU and other major economies.
“The EU should immediately lift its ban on Russian oil and gas imports,” Szijjarto said on Monday in a post on X. “With the war in the Middle East escalating and the Strait of Hormuz closed, a major share of global energy supply is now at risk.”
“If Brussels keeps the sanctions in place, it will cause serious harm to European people and the European economy,” he added, arguing that “the focus should be on protecting the interests of Europeans, not ideology.”
READ MORE:
US ‘unsanctions’ Russian oil amid Middle East crisis
The remarks come days after US Treasury Secretary Scott Bessent announced the easing of sanctions on some Russian oil to stabilize the markets amid the Middle East escalation, adding that further steps to lower prices are being considered.
Earlier in the day, Hungarian Prime Minister Viktor Orban said he had written to European Commission President Ursula von der Leyen, urging the EU to lift the sanctions on Russian energy, and warning that the “oil blockade” by Ukrainian leader Vladimir Zelensky threatens Hungary, Slovakia, and the entire EU.
“Because of the Ukrainian oil blockade and the war in the Middle East, oil prices have also begun to rise sharply in Hungary,” the news outlet Index cited Orban as saying after a meeting of the Defense and Energy Security Council.
Kiev halted Russian oil supplies to Hungary and Slovakia via the Druzhba pipeline, saying it was damaged by Russian strikes – a claim that Moscow rejects. Budapest and Bratislava accuse Ukraine of blackmail and say Brussels has sided with Kiev over the two EU states.
On Sunday, Russian President Vladimir Putin said EU-Ukraine relations can be described as “the tail wagging the dog,” stressing that Kiev’s “dangerous and aggressive” stance could further undermine the energy security of EU member states.
Read the full article here