Russia Sanctions / Hungary Agrees To Latest EU Package, But Wins Major Concession On Paks Nuclear Project

Move comes as Budapest says it will promote use of nuclear energy during its European Council presidency

Hungary Agrees To Latest EU Package, But Wins Major Concession On Paks Nuclear Project
Courtesy European Union.

Hungary has agreed to the European Union’s latest package of sanctions against Russia, which provides for restrictions on supplies of liquefied natural gas (LNG), in exchange for assurances that no current or future measures will threaten the Paks 2 nuclear power station, which Russian state-owned nuclear corporation Rosatom is building, the Hungarian service of Radio Liberty said.

The US government-backed service said the Hungarian government has stopped blocking EU sanctions on Russian LNG supplies, but in exchange for this, Paks 2 has received an exemption from sanctions.

The exemption means the project will be protected from “all current and future potential sanctions”, Radio Liberty said.

It added that the Paks 2 project had been exempt from sanctions in previous packages, but this was on a case-by-case basis.

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