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Why MNI
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.
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Free AccessGermany Want EU Oil Ban, With or Without Hungary
Germany is willing to support an EU oil ban against Russia without the participation of Hungary based on an interview with German Economy Minister Robert Habeck on Deutschlandfunk radio.
- “If the Commission president says we’re doing this as 26 without Hungary, then that is a path that I would always support,” Habeck said.
- Germany has pushed hard to end its reliance on Russian fossil fuels, agreeing deals with Poland to gain further access to waterbourne crudes via the port of Gdansk to end its need for Druzhba pipeline flows.
- The EU oil ban has been held up by Hungary, which is unwilling to take part in the proposal for fear of the impact on the economy due to the country’s reliance on Russian piped flows.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
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.