Hungary Seeks to Resolve Lukoil Spat to Avert Fuel Shortage
- Hungary risks shortage from September if reserves are depleted
- Minister accuses Ukraine of ‘blackmailing’ Hungary with oil
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Hungary has until September to resolve a dispute with Ukraine over the transit of crude from a major Russian oil supplier before fuel shortages set in, according to a senior minister.
Ukraine has sharpened sanctions against Lukoil PJSC over Russia’s invasion of Ukraine, effectively prohibiting the company from using the war-torn country as a transit route for its product. That’s hit Hungary and Slovakia, landlocked nations that obtained exemptions from European Union energy sanctions on Russia.