Deputy Prime Minister Alexander Novak had a telephone conversation with Foreign Minister of Hungary Peter Szijjarto. The officials discussed trade and energy cooperation.
“The Hungarian leaders have a pragmatic approach to promoting relations with the Russian Federation and preserving the existing bilateral cooperation channels, despite the immense pressure from Brussels and Washington. Hungary is, in effect, the only EU country that firmly upholds its national interests, including its sovereign position in a dialogue with Moscow,” Alexander Novak said.
He underscored that Hungary was an important partner to Russia where oil supplies via the southern extension of the Druzhba pipeline were concerned. In 2022, the Transneft system delivered 4.63 billion cubic metres of oil to that country.
In 2022, Russia-Hungary trade surged by 80 percent to $10.8 billion, with Russian exports growing by 150 percent to $9.4 billion.
Russia continues supplying gas to Hungary in keeping with its contractual obligations and delivers extra volumes at Hungary’s request.