Hungary's government will siphon off nearly all profits earned on cheaper crude oil imported from Russia as of December 8, it said in a decree, a day after Prime Minister Viktor Orban's cabinet scrapped a retail fuel price cap amid a shortage of supplies. Lower crude imports from the Druzhba oil pipeline, extended maintenance work at oil group MOL's Danube refinery, and surging demand forced Orban to abandon the year-long cap. Orban, a vocal critic of Brussels, blamed the situation on EU sanctions on Russian crude. To read the original story from Reuters, click here.
Editors' Picks
RFE/RL has been declared an "undesirable organization" by the Russian government.
If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.
To find out more, click here.