Hungary has announced plans to completely abandon Russian oil and gas under the pressure of sanctions, Budapest is urgently looking for a replacement for LUKOIL and Rosneft supplies. On November 21, the temporary exemption from American sanctions, which allowed the country to purchase raw materials from Russian companies, will expire, said the head of the Hungarian Foreign Ministry, Anita Orban. According to her, now the national oil and gas concern MOL is already technologically modernizing its factories in order to start receiving non-Russian oil from the south via Croatia. In addition, by the fall of next year, Hungary plans to completely stop importing Russian natural gas as part of a pan-European plan, Kommersant writes.

Hungary has announced plans to completely abandon Russian oil and gas under the pressure of sanctions, Budapest is urgently looking for a replacement for LUKOIL and Rosneft supplies. On November 21, the temporary exemption from American sanctions, which allowed the country to purchase raw materials from Russian companies, will expire, said the head of the Hungarian Foreign Ministry, Anita Orban. According to her, now the national oil and gas concern MOL is already technologically modernizing its factories in order to start receiving non-Russian oil from the south via Croatia. In addition, by the fall of next year, Hungary plans to completely stop importing Russian natural gas as part of a pan-European plan, Kommersant writes.