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EU’s Russia oil ban in jeopardy as Hungary rejects sanction as ‘atomic bomb’ for economy

May 6, 2022

Via: Sky News
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Prime Minister Viktor Orban – no stranger to disputes with the bloc’s executive – told state radio he was ready to negotiate on any proposal that would meet Hungary’s interests.

But he declared that what was on the table would prove too costly.

The country sources almost 65% of its oil supplies, including refined products, from Russia.

Ursula von der Leyen, the European Commission president, used a speech to the European Parliament in Strasbourg on Wednesday to declare that the time had come for the bloc to ban Russian oil supplies within six months and refined products by the end of the year.

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