MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

CBI Retail Sales Fell Faster Than Expected For The Second Month

MNI: UK CBI JUL DIST TRADE REPORTED SALES -43

MNI: UK BOE JUN MORTGAGE APPROVALS 59,976

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

"Physically Impossible" to Replace Russian Oil: Hungary

OIL

Hungary have reiterated it would be “physically impossible” to replace Russian oil according to Foreign Minister Peter Szijjarto in a CNN interview this week.

  • "Energy supply is a physical question. It’s not philosophical, not political. Why we have asked for the exemption from the oil embargo was the fact that in the case we have not got it. It would be physically impossible to supply the country enough oil," he said.
  • “Geography has determined the infrastructure. In order to change delivery routes you need a couple of years. A lot of money, but even more important in this case a couple of years, 5-6-7 years," he said.
  • “The answer is not because we don’t want it. The answer is no because it physically is not possible," he added.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.