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Hungary discusses new oil pipeline with Russia; criticizes EU ban

( July 22, 2025, 12:33 GMT | Official Statement) -- MLex Summary: Hungarian Trade Minister Péter Szijjártó met yesterday with the Serbian and Russian energy ministers to discuss a proposed crude oil pipeline from Russia. The countries explored developments and potential investments to construct the 180-kilometer infrastructure, which would be designed to transport around 5 million metric tons of oil per year by 2027, Szijjártó said in a press release today. He also criticized the EU's recent plan to end oil and gas imports from Russia, warning that such measures would drastically increase energy bills. Full press release follows:...

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