On Monday 21 July, Hungary’s Minister of Foreign Affairs, Péter Szijjártó, announced that his country would be working with Serbia and Russia to facilitate the transfer of Russian oil between Hungary and Serbia by building a pipeline that could be operational as early as 2027.
This announcement comes as the European Union seeks to completely phase out the last Russian fossil fuel imports by the end of 2027 (see EUROPE B13661A5).
“While Brussels bans Russian energy, cuts links and...