Hungary facing fuel crisis as Ukraine turns up heat on Russian oil supplies

Hungary is facing a potential fuel crisis as Ukraine restricts the flow of Russian oil through its territory. Kyiv's sanctions on Russian oil firm Lukoil aim to cut off a revenue source for the Kremlin, impacting Hungary, which relies on Russia for 70% of its oil imports. The move could lead to high energy prices and electricity shortages in Hungary within weeks. Budapest is now seeking alternative oil supplies to mitigate the impact. The situation has strained relations between Ukraine and Hungary, with Budapest criticizing Kyiv's actions. Slovakia is also affected, but has found alternative oil sources. The sanctions target Lukoil specifically, with potential future sanctions on other Russian oil companies. Hungary may need to tap into emergency reserves, negotiate with other suppliers like Rosneft, or increase imports from Croatia to address the looming crisis. The Ukrainian and Hungarian governments, as well as major oil companies, have not commented on the situation.