economy
February 25, 2026
Hungary, Serbia, Slovakia to team up to counteract Ukrainian blackmail
The minister also said that he had agreed with Serbia’s Minister of Mining and Energy Dubravka Djedovic Handanovic to accelerate the preparation to build an oil pipeline between the countries
TL;DR
- MOL's acquisition of a controlling stake in NIS from Gazprom is expected to enhance energy security for Hungary, Serbia, and Slovakia.
- Hungarian Foreign Minister Peter Szijjarto believes this move will make the three countries more resistant to political blackmail from Ukraine.
- Preparations for an oil pipeline between Hungary and Serbia will be accelerated to increase oil supply security.
- This new route is anticipated to be used for the transit of Russian oil to Serbia via Hungary.
- The Russian owners of NIS are selling the asset due to US sanctions imposed on NIS and Gazprom Neft.
- The acquisition requires approval from the US.
Continue reading the original article