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Russia's Putin to discuss 'Ukrainian energy blackmail' with Hungary's Szijjarto, Kremlin says

Published by Global Banking & Finance Review

Posted on March 4, 2026

2 min read

· Last updated: April 2, 2026

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Russia's Putin to discuss 'Ukrainian energy blackmail' with Hungary's Szijjarto, Kremlin says
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MOSCOW, March 4 (Reuters) - Russian President Vladimir Putin will hold talks with Hungarian Foreign Minister Peter Szijjarto later on Wednesday and discuss Ukraine's "blackmailing" of Slovakia and

Putin to Address Ukrainian Oil Supply Blackmail with Hungary’s Szijjarto

Putin’s Planned Talks with Hungarian Foreign Minister

Background on the Druzhba Oil Pipeline Disruption

MOSCOW, March 4 (Reuters) - Russian President Vladimir Putin will hold talks with Hungarian Foreign Minister Peter Szijjarto later on Wednesday and discuss Ukraine's "blackmailing" of Slovakia and Hungary over oil supplies, the Kremlin said.

Kyiv has said that the Ukrainian branch of the Druzhba oil pipeline, which supplies Russian oil to Hungary and Slovakia, was severely damaged by fire after a Russian attack in late January and cannot be repaired quickly.

Accusations from Hungary and Slovakia

Hungary and Slovakia have both accused Ukraine - which has long been unhappy about them continuing to buy Russian oil - of deliberately dragging its feet over the repairs for political reasons.

Kremlin’s Response and Planned Discussions

Peskov’s Statement on the Situation

Kremlin spokesman Dmitry Peskov said Putin would discuss the matter with Szijjarto, a frequent visitor to Moscow, later on Wednesday.

Details on the Blackmail Allegations

"You know the buyers of our oil, such as Hungary and Slovakia, who are now facing blackmail from the Kyiv regime. This refers to blackmail related to the deliberate blocking of supplies via the Druzhba oil pipeline. Of course, this will be discussed today," said Peskov.

Broader European Energy Context

He told reporters on the same conference call that Russia had not been contacted by other European countries asking it to resume energy supplies given the situation in Iran.

(Reporting by Anastasia LyrchikovaEditing by Andrew Osborn)

Key Takeaways

  • Ukraine says the Druzhba pipeline was heavily damaged in January by a Russian strike and repairs are slow; Hungary and Slovakia accuse Kyiv of using the delay as political leverage. (ft.com)
  • Hungary and Slovakia have retaliated by suspending diesel exports and threatening to block a €90 billion EU loan to Ukraine. Slovakia also warned it may halt emergency electricity supplies. (apnews.com)
  • Ukraine rejects the accusations, says it is repairing the pipeline but needs time amid ongoing Russian attacks, while pushing for independent inspections. (ft.com)

References

Frequently Asked Questions

What will Putin and Hungary's Szijjarto discuss?
They will discuss Ukraine's alleged blackmail of Hungary and Slovakia over oil supply disruptions via the Druzhba pipeline.
Why is there tension over the Druzhba oil pipeline?
The Druzhba pipeline was damaged by fire after a Russian attack, and Hungary and Slovakia accuse Ukraine of delaying repairs for political reasons.
What accusations have Hungary and Slovakia made against Ukraine?
Hungary and Slovakia accuse Ukraine of deliberately delaying Druzhba pipeline repairs to pressure them politically over their continued purchases of Russian oil.
Has Russia been contacted by other European countries for energy supplies?
According to Kremlin spokesman Dmitry Peskov, Russia has not been contacted by other European countries requesting changes to energy supplies.
What is the significance of these talks for European oil markets?
The talks could influence oil supply stability and political relations between Russia, Ukraine, Hungary, and Slovakia, impacting European energy markets.

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