Thursday Aug 18, 2022
Thursday Aug 18, 2022

Hungary to change gas contract as Putin wants


Nepalnews
2022 Apr 11, 20:09, Budapest
People receive food from a church in the town of Borodyanka, about 40 miles northwest of Kyiv, Ukraine, on Sunday, April 10, 2022. Several apartment buildings were destroyed during fighting between the Russian troops and the Ukrainian forces and the town is without electricity, water and heating. (AP Photo)

Hungary plans to modify its natural gas contract with Russian energy company Gazprom in order to satisfy a demand by President Vladimir Putin that Russian gas be paid for in rubles.

Hungarian Foreign Minister Peter Szijjarto told a news conference on Monday that the subsidiary of Hungary’s energy group MVM, CEE Energy, would pay its gas bills in euros to Russia’s Gazprombank, which would convert the payments into rubles and transfer them to the gas provider Gazprom Export.

Putin, in retaliation over sanctions against Russia by the European Union, has demanded that countries pay for Russian gas in rubles or risk having their supply shut off.

While Hungary has voted with the European Union on most sanctions against Russia, it has lobbied heavily against blocking Russian energy imports, arguing that would cripple its economy.

Szijjarto said that modifying Hungary’s contract with Gazprom ensured the country’s energy supply while staying in line with the EU’s sanctioning policy.


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