10/26/2022, 6:50 PM (Source: TeleTrader)
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Hungary opposes price cap on Russian gas - FM

Hungarian Foreign Minister Peter Szijjarto underlined on Wednesday that Budapest opposes setting a price cap for Russian gas, explaining that such a move could only lead to disruptions of supply to the region, pushing the prices of the commodity to increase.

Additionally, the Hungarian foreign minister commented on the current bilateral relations between Russia and the United States, noting that it is crucial for the two parties to hold talks over the current crisis in Ukraine in order to come to a solution that would "ensure peace" and end all existing threats and dangers.

Szijjarto also told RIA Novosti on the sidelines of the IAEA international ministerial conference in Washington, that he is ready to meet with his Russian counterpart, Sergey Lavrov, "if necessary." The EU will likely decide on further steps in the face of soaring energy prices at the upcoming energy emergency meeting on November 24.

Baha Breaking News (BBN) / AB