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Hungary Facing Fuel Crisis, Blamed On Ukraine's Ban On Russian Oil Supplies | ET Now
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Hungary is facing a severe fuel shortage following Ukraine's ban on Russian oil transit through its territory, specifically targeting Lukoil. This disruption has critically affected Hungary, which depends heavily on Russian oil. In response, Hungary plans to block EU refunds for member states providing munitions to Ukraine, demanding the resumption of oil transit. Hungary has urged the European Commission to mediate and has threatened legal action if the issue remains unresolved. Aligning closely with Russia, Hungary opposes Ukraine’s aspirations for NATO and EU membership and resists sanctions against Moscow. #etnow #budget2024 #unionbudget2024 #businessnews #livebusinessnews #sharemarket #stockmarket #englishnews #trending #topnews
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