We do not see plans in the current initiative to manage a transition period, Zoltan Kovacs, spokesman for Prime Minister Viktor Orban´s government, affirmed, according to Bloomberg news agency.

The new attempt at EU sanctions would add to others already in place after the launch of the Russian military oeration in Ukraine.

Hungary receives more than 60% of its oil from Moscow, reason why it would be one of the countries most exposed to the embargo proposed today by the European Commission (EC) president, Ursula Von der Leyen, which so far establishes a transition period until the end of 2022, according to information from the Community body.

Both Hungary and Slovakia are seeking exemptions to delay the application of the sanctions, but the EC hopes to reach an agreement between the member states this week.

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