Free Trial

Dutch PM Rutte Says Hungary Won't Be Backdoor For Russian Oil


Dutch Prime Minister Mark Rutte has told journalists in Brussels that he's satisfied by guarantees put in place in the EU oil embargo that Russian pipeline oil entering Hungary won't flood the single market.

  • Rutte: 'The countries making use of the exemptions for pipeline oil aren’t allowed to export it to other countries.'
  • A short time ago at the EU Council, French President Emmanuel Macron said he hasn't ruled out pursuing a Russia gas ban.
  • Macron: 'We have to keep credibility and this strategic ambiguity is also useful.'
  • Dave Keating of France 24 says: '...privately energy industry insiders & EU sources tell me at this time there is almost no chance of an EU embargo on Russian gas.'

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.