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Europe faces rising diesel prices and shortages after sanctions on Russian oil products came into force on February 5, as Russia provided half of Europe’s diesel fuel needs, the Hungarian Energy Ministry said.
As the agency said in a statement, due to sanctions, Europe “is forced to buy products from other, more distant regions, for example, import Indian, Middle Eastern or Chinese products, which are much farther and more expensive, and this can lead to supply instability.”
The ministry also recalled that Hungary was initially against the expansion of sanctions on the Russian energy sector, since most of the oil enters the country from Russia through the Druzhba pipeline. “Full-scale energy sanctions are also on the agenda in the EU, including sanctions on nuclear energy and gas imports. The Hungarian government is categorically against further expansion of the sanctions imposed on energy carriers,” the ministry stressed.
Source: Rosbalt
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