Hungary Urges EU to Find Solution on Ukraine Lukoil Transit
- Hungary eyes dispute-settlement mechanism if EU talks fail
- Ukraine rejects idea that transit halt risks energy security
Lukoil PJSC branded fuel barrels at the Port of Constanta, Romania.
Photographer: Andrei Pungovschi/BloombergThis article is for subscribers only.
Hungary called on the European Union to broker a solution with Ukraine after Kyiv decided to bar the transit of crude from a major Russian oil supplier.
The European Commission has convened a so-called trade committee meeting for Wednesday to discuss the standoff, which Hungary and Slovakia argue threatens their energy security.