Prime Minister Victor Orban says Hungarian families won’t be the ones to suffer over the Russian-Ukrainian war by having to cope with increasing oil prices.
QUICK FACTS:
- The prime minister of Hungary, Victor Orban, says he won’t punish Hungarian families over the Russian invasion of Ukraine, according to Summit News.
- Orban says that, unlike Western nations who have told their lower class to just cope with the rising price of gas due to economic sanctions, Hungarians won’t have to suffer through that.
- This announcement comes after United States President Joe Biden announced that America won’t continue to import oil, exacerbating an already massive problem of increasing gas prices, as The Wall Street Journal reported.
- “Russian oil will no longer be acceptable at US ports and the American people will deal another powerful blow to [Vladimir] Putin’s war machine,” Biden said.
- Americans have been told, instead of finding relief from Washington with a new source of oil, such as the Keystone Pipeline, that they should brace for further gas price increases.
MORE ON THE OIL CRISIS AND NATIONAL RESPONSES:
- “It is clear that we are all interested in ending this war as soon as possible and in a negotiated manner,” Orbán declared.
- “The extension of sanctions to the energy sector, oil and gas sector would be a disproportionate burden for Hungary. That is why I have made it clear that we condemn Russia’s armed attack, we also condemn the war, but we will not allow the price of the war to be paid to Hungarian families! Therefore, sanctions should not be extended to oil and gas,” he said.
- In the United Kingdom, Prime Minister Boris Johnson would phase out the import of Russian oil by the end of the year, versus the United States’ sudden end to use of the import.
BACKGROUND:
- Even prior to ending oil deals with Russia, the Biden administration was adamant that the former administration-backed pipeline from Canada into the United States was “irrelevant” to the conversation, according to The New York Post.
- While the price of gas has already reached an all-time high, CNBC notes, rumors have already begun to fly that gas could top double digits per gallon.
