Mol Losing $60 Million a Month on Syria Sanctions, Hernadi Says
Mol Nyrt., Hungary’s largest refiner, is losing about $60 million a month on Syria after the company’s Croatian unit, INA Industrija Nafte d.d., had to pull out of the country to comply with European Union sanctions, according to Mol Chairman Zsolt Hernadi.
“We hope the political situation will stabilize and that we can return,” Hernadi told commercial radio station Inforadio in an interview today. “We can go back immediately after the political situation stabilizes and sanctions are lifted.”
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