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Hungary plans to hold talks with allies with aim to combat higher oil prices
Millennium Post Delhi
|January 13, 2025
AFTER NEW US SANCTIONS ON RUSSIA
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Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia's oil and gas sector, Hungarian Foreign Minister Peter Szijjarto said on Sunday.
US President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday to give Kyiv and Donald Trump's incoming team leverage to reach a deal for peace in Ukraine. Oil prices hit a three-month high after the sanctions news broke, Reuters reported.
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