Why can't Hungary import oil from somewhere other than Russia without “ruin[ing] the Hungarian economy”?

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The Politicus
May 04, 2022 09:53 PM 0 Answers
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Hungary is opposing a EU proposal to cut Russian oil imports by the end of this year. Their government said that doing so would "ruin the Hungarian economy". I see that they import some 60% of their oil from Russia, but it's not too clear to me what, besides the present $35/barrel discount that Russian oil seem to presently enjoy is stopping Hungary from importing from elsewhere. Basically, is this just a price issue?

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