Latest Breaking News

... Budapest has used what was supposed to be a temporary exemption to an European Union ban on Russian oil to step up its purchases of crude via the overland pipeline network, making major profits from discounted crude.

In September, Ukraine signed off on an agreement that would allow Hungary to continue buying Russian oil despite having itself imposed sanctions on one of its major suppliers. Under the arrangement, the fuel is considered to be Hungarian the moment it crosses the border into Ukrainian territory, allowing it to transit the country.

... Shipments of Russian oil to Hungary were interrupted on Tuesday after Ukraine launched a major wave of drone strikes against Moscow, ... Hungarian Foreign Minister Péter Szijjártó said that "oil deliveries on the Druzhba oil pipeline to Hungary had to be temporarily suspended" following the drone attack. ...