Europe cannot escape the oil and gas crisis if it turns its back on Russia

Song Minh |

Hungarian Prime Minister warns that the European Union's strategy to isolate Russian oil and gas is failing.

Hungarian Prime Minister Viktor Orbán said that the energy crisis in Europe would not be resolved without supplies from Russia, and criticized the European Union (EU)'s energy sanctions strategy as ineffective.

In an article published in the German newspaper Welt am Sonntag, Mr. Orbán said that efforts to isolate Russia with successive sanctions packages have failed to achieve the goal of ending the conflict in Ukraine.

Without Russian oil and gas at reasonable prices, we will not be able to overcome this crisis," he emphasized.

According to the Hungarian Prime Minister, while the US has started dialogue with Russia and allowed India to continue importing Russian oil, the EU still refuses to consider the possibility of easing energy sanctions against Russia.

Mr. Orbán believes that Europe's strategy - both sanctioning Russia and avoiding direct negotiations - is still maintained even when President Donald Trump's administration has stopped military and financial support for Kiev.

The Hungarian leader warned that the failure of this strategy is having major consequences for the European economy, especially as the Middle East situation continues to escalate tensions, pushing global energy prices up.

According to him, Europeans have been suffering from this situation for many years: electricity and gasoline prices have continuously increased, while the once very strong industry of the continent is rapidly weakening.

Europeans are witnessing industries being sacrificed for a war they cannot win," Mr. Orbán said, while warning of the risk of millions of jobs in Europe disappearing if the energy crisis lasts.

Song Minh
RELATED NEWS

Oil tanker hit near Russia's oil export artery

|

A Greek-flagged oil tanker has just been attacked near Russia's most important oil export port in the Black Sea.

Hormuz Strait paralyzed, Southeast Asia turns to Russian oil

|

The global energy shock caused by the blockade in the Strait of Hormuz is causing many Southeast Asian countries to consider increasing Russian oil imports.

Russian oil prices jump from $40 to $100, sanctions mechanism loses its effectiveness

|

Iran's war pushes Russian oil prices to soar and shakes the sanctions mechanism that the West has imposed on Moscow for many years.

Europe points out the only winning side in the Middle East conflict

|

On March 10, the President of the European Council said that Russia is the only winner in the Middle East conflict as oil prices rise and attention to the Ukraine conflict decreases.

Chelsea suspended from transfers for violating regulations

|

Chelsea have been banned from transfers for one year (suspension) and fined 10.75 million British pounds related to violations of Premier League regulations in the past.

Heart beats faster watching Arsenal play this season

|

The tension and drama in Arsenal's matches made fans' hearts beat faster.

My Dinh Stadium has many empty seats, the Anh Trai Say Hi lineup still gives it their all with a series of hits

|

Although the stadium still had many empty seats, the "Hello Brothers" lineup still burned themselves out with a series of exciting performances, bringing an energetic musical atmosphere to the audience.

Phu Quoc resolutely restores tourism order, towards APEC 2027

|

An Giang - To protect the Phu Quoc brand sustainably, a smart governance mechanism and a spirit of drastic action are needed.

Oil tanker hit near Russia's oil export artery

Song Minh |

A Greek-flagged oil tanker has just been attacked near Russia's most important oil export port in the Black Sea.

Hormuz Strait paralyzed, Southeast Asia turns to Russian oil

Ngọc Vân |

The global energy shock caused by the blockade in the Strait of Hormuz is causing many Southeast Asian countries to consider increasing Russian oil imports.

Russian oil prices jump from $40 to $100, sanctions mechanism loses its effectiveness

Song Minh |

Iran's war pushes Russian oil prices to soar and shakes the sanctions mechanism that the West has imposed on Moscow for many years.

Europe points out the only winning side in the Middle East conflict

Bùi Đức |

On March 10, the President of the European Council said that Russia is the only winner in the Middle East conflict as oil prices rise and attention to the Ukraine conflict decreases.