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Bloomberg: Hungary objects to Russian oil phaseout.

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The EU proposed on May 4 a gradual ban on Russian oil and oil product exports as part of the sixth package of sanctions against Russia. Hungary voiced objections as the measures “would threaten Hungary’s energy security,” the spokesman for Prime Minister Viktor Orban’s government said.

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The legislation passed with overwhelming support in the Senate in August but is expected to face stronger opposition in the House, with some House Democrats fearing it would grant U.S. President Donald Trump too much authority over tariffs.

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