Access Bank
Africa's Media Giant

News Agency of Nigeria



Ukraine: Hungarian prime minister says EU oil sanctions plan atom bomb

EU flag

EU flag

Hungarian Prime Minister Viktor Orbán has rejected European Commission’s proposal for sanctions on oil imports from Russia.

“It is tantamount to an atom bomb being dropped on the Hungarian economy,’’ the far-right nationalist politician told state radio on Friday.

He added that his country would not be able to replace Russian oil imports even within the 20-month period set out in the proposal for Hungary.

“According to our own calculations, we need five years for the changeover to oil without Russian imports; so a postponement of one or one-and-a-half years is of no use,” Orbán said.

The commission’s proposal would not only lead to energy becoming more expensive in Hungary, but would  also mean that no energy sources is left for the country.

“That’s why I say: Return to sender,” he said.

Orbán has governed Hungary since 2010.

Last month, his Fidesz party won the parliamentary election, giving him his fourth consecutive premiership.

Under his rule, the country has moved much closer to Russia.

Budapest, however, supported EU’s previous sanctions packages, which it imposed in response to Russia’s invasion of Ukraine.

“But even then, we said that there is a red line that must not be crossed.

“That is the energy sector,” Orbán said in the radio interview.

European Commission presented a draft sanctions package on Wednesday, which provides for extensive suspension of Russian oil deliveries to the EU by the beginning of 2023.

The proposal can only be adopted unanimously. (dpa/NAN)(

Edited by Cecilia Odey/Ijeoma Popoola