Hungary has adopted a payment scheme for Russian gas in rubles

According to the head of the Hungarian Foreign Ministry, Peter Szijjártó, the country is 85% dependent on Russian gas, it has no alternative sources and supply routes, which would allow us to abandon its import

Hungary will use the gas payment scheme proposed by Russia, the foreign minister confirmed to CNN Affairs of the country Peter Szijjarto.

According to him, Budapest has no alternative sources and supply routes that would allow us to abandon the import of Russian energy resources in the next few years.

«85% of gas supplies comes from Russia, 65% of oil supplies come from Russia. Why? Because it is determined by the infrastructure. It's not for fun, we didn't choose this situation, — Szijjártó said.

As Bloomberg reported, ten European buyers have already opened accounts with Gazprombank to pay for Russian gas supplies in rubles. At the same time, four European companies have already made payments.

On March 31, Russian President Vladimir Putin signed a decree on gas payments with “unfriendly” countries in rubles. Starting April 1, companies from Western countries must open two accounts with Gazprombank: one in foreign currency and one in rubles. The payment for deliveries will first go to the currency account, after which the bank will sell the currency on the stock exchange, and the received rubles will be credited to the second account. Payment will be considered completed only from the moment the funds are credited to the ruble account. The Kremlin did not rule out that they could cancel the new payment scheme “if other conditions come.” “Here, in this case, there is nothing reinforced concrete, but in the current conditions, rubles are the most preferable and reliable option for us,” — said the press secretary of the head of state, Dmitry Peskov.

He also confirmed that “clicking someone on the nose”

was not the purpose of Putin's decision. This was done so that “dollars and euros would not be stolen” from Russia.

In early April, Hungary and the European Union argued whether paying Russia for gas in rubles was a violation of foreign sanctions. Budapest insisted that it intends to adhere to the contracts concluded with Russia, and called the question of what currency to pay in technical.

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Thanks to long-term contracts, Hungary receives Russian gas at a price several times lower than the market price, Putin spoke.

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