The European Commission’s current proposal banning Russian oil imports is under threat after Hungary warned it cannot accept the ban, stating that it would amount to a “nuclear bomb” for its economy.
Hungary’s Prime Minister Viktor Orban made the comments regarding the “unacceptable” proposal during an interview with public broadcaster Kossuth Radio on Friday.
Orban said the EU’s proposal would be akin to “dropping a nuclear bomb on the Hungarian economy,” adding that its approval would “be the end of the utility price caps” according to local reports.
He warned that gasoline prices in the country could reach 700 Hungarian forints ($1.95) per liter while diesel could cost up to 800 forints ($2.23).
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