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What will be the primary energy source for Hungary after reducing dependence on Russian oil by December 31, 2024?
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Resolution / Starting Odds
Middle Eastern oil • 25%
US oil • 25%
Norwegian oil • 25%
Other • 25%
Official Hungarian energy import statistics and government reports
Story
EU Urges Hungary and Slovakia to Reduce Dependence on Russian Oil Amid Ukraine Sanctions and Record Gas Purchases
Aug 3, 2024, 01:38 AM
The European Union has urged Hungary and Slovakia to reduce their dependence on Russian oil, emphasizing the need for the bloc to fully wean itself off Russian energy sources. This call comes amid reports of Europe purchasing Russian gas at record levels, raising concerns about the EU's commitment to cutting ties with Russia. Ukraine has also taken measures to sanction Hungary and Slovakia, halting oil supplies to these countries. Analysts argue that the EU's ongoing reliance on Russian energy continues to undermine efforts to diminish Russia's influence and support for Ukraine. The situation highlights the complexities of the EU's energy policy as it seeks to balance energy security with geopolitical considerations.
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US becomes primary supplier • 25%
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Imported energy from the EU • 25%
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