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Damage to the Druzhba pipeline has halted oil deliveries from Russia to Hungary and jeopardised a billion-dollar loan to Ukraine. Hungary accuses Kyiv of sabotage, while the European Commission has proposed a formal inspection into the incident, raising questions about Budapest’s reliance on Russian energy.
Hungarian Foreign Minister Peter Szijjártó was recorded discussing strategies to circumvent EU sanctions with his Russian counterpart, raising concerns about Hungary’s compliance with European Union regulations. This revelation comes amid heightened scrutiny of Hungary’s diplomatic ties with Russia.
Brent crude oil prices have surged to $100 per barrel, a significant rise since military actions against Iran commenced. In response, five EU ministers are advocating for a new EU-wide contributory mechanism to tax excess profits from multinational oil firms, addressing market distortions amid soaring fuel prices across Europe.
The European Court of Auditors (ECA) report warns the EU risks failing to diversify its supply of critical raw materials crucial for energy transition by 2030, with ECA’s Keit Pentus-Rosimannus citing dangerous dependence on China for key minerals.
The German government, represented by a spokesperson from the Federal Foreign Office, has reiterated its opposition to reopening diplomatic channels with Russian President Vladimir Putin amid ongoing discussions among European leaders on negotiating an end to the war in Ukraine.
Sales of fully electric cars in the European Union surpassed petrol-only vehicle sales for the first time in December 2025, reported the European Automobile Manufacturers’ Association. The EU has implemented a 90% emissions reduction target by 2035, impacting market dynamics.
Polish officials have warned that Russia is not negotiating in good faith during ongoing peace talks with Ukraine, raising doubts about whether the discussions can deliver a meaningful breakthrough as fighting continues.
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