Hungary Agreed to Pay for Russian Gas and Oil in Rubles

Hungarian Foreign Minister, Peter Szijjarto, confirmed to CNN that his country will use the payment scheme introduced by Russia for Russian oil and gas. 

Picture: ArmenPress

“85 per cent of our gas and 65 per cent of our oil come from Russia. Why? Because it is determined by the infrastructure. This is not for entertainment, we did not choose the situation,” the diplomat explained.

Szijjarto added that Hungary has no alternative sources or routes that would allow them to stop importing Russian energy in the next few years.

As was reported, the day before, Szijjarto told the Hungary Today portal that Russian gas supplies to Hungary are continuing in accordance with the schedule and the contract with Russia.

“We have found a solution when Hungary pays in euros to an account in Gazprombank, which will then convert them into rubles and send them to Gazprom Export,” he said.

It is noted that on Wednesday morning, Gazprom completely suspended gas supplies to Bulgargaz (Bulgaria) and PGNiG (Poland) due to non-payment in rubles. At the end of April 26, Gazprom Export had not received payments for gas supplies in April from these companies in rubles.

As was also reminded, several other countries have already agreed to the Moscow payment scheme. So, in a document published by the European Commission last week, it was reported that it was “possible” to comply with the new Russian rules without coming into conflict with EU legislation.

Ru-Main, 28.04.2022
Source: Interfax 

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