"The outgoing U.S. presidential
administration, which suffered a heavy defeat in the
presidential election, recently imposed a new package of
sanctions on the energy sector. These energy sanctions pose a
serious challenge to Central Europe." This was emphasized by
Hungarian Foreign Minister Peter Szijjárto, referring to the new
U.S. sanctions against the Nis oil group, in a statement relayed
by Magyar government spokesman Zoltan Kovacs. "With Serbia's
main oil supplier now sanctioned, crude oil supply in the region
will shrink, potentially driving up fuel prices. This risks
making people's lives more difficult and jeopardizing economic
performance," the foreign minister explained, stressing that
Budapest will work with regional partners to minimize the
consequences.
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