Hungary's Foreign Minister Holds Energy Talks

In a recent phone call, Russian Foreign Minister Sergei Lavrov and Turkish Foreign Minister Hakan Fidan discussed international and regional issues, particularly focusing on the situation in Ukraine and the importance of preventing threats to energy security. Concurrently, Hungary's Foreign Minister Peter Szijjarto announced plans to engage with regional allies to address the economic repercussions of new US sanctions on Russia's oil and gas sector, which have driven oil prices to a three-month high. The sanctions, aimed at crippling Russia's energy revenues, have raised concerns over potential inflation and energy supply challenges in Central Europe. Szijjarto emphasized the urgency of these discussions amidst the weakening Hungarian forint and rising industrial prices. The situation underscores the interconnectedness of regional economies and the need for cooperation in mitigating the impacts of global market changes.