Hungary FM: Ukrainians Will Run Out of Money Before We Run Out of Oil

No progress is expected in the Druzhba oil pipeline issue until the April elections, but if the current government remains in power, Ukraine will be forced to make an agreement, as their money will run out before our oil does, Minister of Foreign Affairs and Trade Peter Szijjarto on Tuesday said on Tuesday.

Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto (Source: Facebook)

Speaking to students of the Mathias Corvinus Collegium (MCC) in Szolnok, central Hungary, Peter Szijjarto said he believes there will be no progress regarding the blockade of the Druzhba crude oil pipeline before the upcoming election, as Ukraine is attempting to influence the outcome by halting the transit.

Speaking to students of the Mathias Corvinus Collegium (MCC), Peter Szijjarto said he believes there will be no progress regarding the blockade of the Druzhba crude oil pipeline before the upcoming election (Source: Facebook)

"The Ukrainian company operating the pipeline has repeatedly indicated to oil company MOL that the pipeline is in good working order and that they are only waiting for political instructions to restart deliveries. It is no coincidence that they are not allowing Hungarian and Slovak inspectors to go there to see what the problem is. They are not allowing EU inspectors in either, which shows that they are afraid of a huge embarrassment," he underlined.

I think the situation is clear. So if we win the election, which is quite likely, and we continue to work, then the Ukrainians will have to coexist with us, and their money will run out before our oil does,

he added.

Peter Szijjarto said the war was a business model in Ukraine today.

So the money that Ukrainians receive from the European Union because of the war is more than what the Ukrainian economy can produce in peacetime. So far, the Ukrainians have received 193 billion euros from the European Union over the past four years,

he said.

"They live off what they get from the EU. And, how can I put it, their lifestyle reflects that. That's why this 90 billion euro war loan, so to speak, is important to them because they are running out of money. And if it becomes clear that they will have to deal with us for at least another four years, then they will have to come to an agreement immediately after the election," he stressed.

Cover photo: Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto (Source: Facebook)