On January 12th, Hungarian Foreign Minister Szijjardo stated that the new round of sanctions imposed by the United States on Russia poses new challenges to energy supply in central European countries. The Hungarian government will closely consult with regional partners and strive to minimize the increase in fuel prices. Siyardo stated that Serbia plays an important role in the supply of crude oil in central Europe, and the inclusion of Serbian companies on the sanctions list will lead to a significant increase in crude oil prices. On January 10th local time, US President Biden announced a new round of sanctions on Russia’s energy sector, involving the country’s two largest oil companies and 183 oil tankers. In addition, the United States announced sanctions against the Serbian Oil Company (NIS), claiming that the company has ties to two Russian oil and gas companies.
Scan code to share