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Updated · Bloomberg · May 11Hungary's new government risks EU standoff over Russian energy purchases
12 articles · Updated · Bloomberg · May 11
- Incoming Economy and Energy Minister Istvan Kapitany said on Monday that Budapest wants to diversify imports without fully ending Russian supplies.
- The stance could put Prime Minister Peter Magyar's new administration on a collision course with the European Union over energy policy.
- It marks a partial shift from the previous government's near-total reliance on Russian procurement, while stopping short of a complete break.
Can Hungary's government secure frozen EU funds while also maintaining critical energy ties with Russia? As Hungary pivots West, must its citizens pay the price for abandoning cheap Russian energy?