EC spokesman says oil embargo still on the table
A spokesman for the European Commission has confirmed for news channel M1 that the European Union's executive body is standing by its plan to introduce an embargo on Russian oil.
The public television broadcaster had asked for comment on a report by Politico early Friday suggesting the proposed oil embargo could be removed from the EU's sixth sanctions package because of a possible veto by Hungary.
Hungary's government has said it will support the embargo only if crude deliveries by pipeline are exempted.
Hungary gets most of its oil via pipeline from Russia, and the country's main refinery is technically reliant on Russian crude.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.