Hungary Seeks U.S. Sanctions Exemption for Gazprombank to Ensure Energy Security [Video]

The Hungarian government has submitted a request for exemption from sanctions to the competent U.S. authority in order to allow the states in the region to continue to pay for natural gas supplies from Russia’s Gazprombank, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Brussels.

The minister said at a press conference after the Meeting of the North Atlantic Council in Foreign Ministers session that the U.S. diplomatic chief himself had indicated that they were willing to hold some kind of consultations with the allies on the issue of sanctions against Gazprombank.

He reported that Hungary and two other NATO member states, as well as Serbia, could face serious difficulties from this new U.S. punitive measure because of the infrastructure,

as the cessation of Russian gas imports would make it impossible to ensure secure supplies to the countries concerned.

“We are connected to six out of the seven neighbors by gas pipelines for nothing if there are no …