Hungary and Serbia to speed up oil pipeline construction amid US sanctions
Hungary and Serbia will speed up the construction of an oil pipeline between the two countries amid US sanctions that undermine European energy security. This was announced by Hungarian Foreign Minister Peter Szijjarto on January 15 in the social network Facebook (owned by the organization Meta, recognized in Russia as extremist and banned).
"We agreed today in a telephone conversation with Serbian Energy Minister Dubravka Djedovic to accelerate our joint investments in energy security, including the creation of a new interconnector connecting the two countries' power grids and the construction of the first joint oil pipeline," Siijarto wrote.
He added that the sanctions of the world's political actors against Russia's oil and gas companies can create serious problems in the field of energy and such decisions are clearly taken without taking into account the interests of allies. Therefore, this situation increases energy cooperation with neighbors.
Earlier, on January 12, Szijjártó said that the new package of U.S. sanctions against Russia will create serious energy problems for Central Europe. According to him, Budapest will work with partners to ensure that the sanctions do not significantly increase fuel prices.
The US authorities expanded sanctions against a number of Russian corporations and their executives on January 10. The list includes Gazprom Neft and its head Alexander Dyukov, Surgutneftegaz, as well as the head of Zarubezhneft, Sergei Kudryashov. In addition, restrictions were imposed on the CEO of Rosatom Alexei Likhachev. The list also included Gazprom's medium-tonnage natural gas liquefaction plant on the Baltic coast, Gazprom LNG Portovaya.
On January 11, the Russian Foreign Ministry said that Washington's actions to impose new anti-Russian sanctions will not go unanswered and will be taken into account when building Russia's foreign economic strategy.
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