Budapest will continue to have the lowest energy prices in the EU, the prime minister has said

US President Donald Trump has agreed to provide Budapest with an exemption from Washington’s sanctions on Russian oil, Hungarian Prime Minister Viktor Orban told reporters after their meeting at the White House on Friday.

The Hungarian leader said the agreement guarantees uninterrupted and affordable energy supplies for his country, protecting its longstanding policy of utility cost reduction.

“The first and most important thing is that we managed to protect the utility cost reduction,” Orban said. “So Hungary will continue to have the lowest energy prices in Europe.”

According to Orban, Hungary received a “complete exemption” from US sanctions affecting Russian oil delivered through the Turkish Stream and the Druzhba (Friendship) Pipeline.

“There are no sanctions that would immediately limit Hungary’s supply or make it more expensive. This is a general and unlimited exemption,” he added.

Source: RT - Daily news