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Hungarian-Russian joint economic committee meets

Energy Trade

kormany.hu/Gergely Botár

Minister of Foreign Affairs and Trade Péter Szijjártó participated at a meeting of the Hungarian-Russian joint economic committee in Kazan, the capital of Tatarstan, Russia, on Friday. Szijjártó visited Kazan to open a Hungarian consulate general there. 

He told MTI that talks had started on boosting the amount of gas Gazprom stores in Hungary from 700 mln cubic metres last year to a possible 1.5 bln-3 bln cubic meters this year. Moscow supports the expansion of Hungarian oil and gas company MOLʼs exploration and production capacities in Russia, he said.

The Russian government also agreed to work with Hungary to prevent Hungarian drugmaker Richter from losing its market in Russia, he added. The sides agreed that Hungaryʼs Eximbank will set up an office in Moscow and open a $289 mln credit line for Hungarian SMEs doing business in Russia, Szijjártó said. He said a direct Budapest-Kazan flight would be launched and that Hungaryʼs Wizz Air would be an operator.

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