Hungary, Serbia to Sign Long-Term Oil Pipeline Deal With Russia

Russia to supply oil to Hungary and Serbia through new pipeline

Hungary and Serbia to sign long-term oil pipeline deal with Russia

Hungary and Serbia are set to sign a long-term oil pipeline deal with Russia, Hungarian Foreign Minister Peter Szijjarto said on Tuesday.

The deal will see Russia supply oil to Hungary and Serbia through a new pipeline that will be built between the two countries.

Szijjarto said that the deal is a "major breakthrough" for Hungary and Serbia, and will help to ensure the energy security of both countries.

"This is a historic agreement that will strengthen the energy security of Hungary and Serbia," Szijjarto said.

"We are grateful to Russia for its willingness to cooperate with us on this project."

The deal is a major victory for Russian President Vladimir Putin, who has been pushing to increase Russia's influence in Europe.

It is also a setback for the United States, which has been trying to reduce Europe's dependence on Russian energy.

The new pipeline will be built between the Hungarian city of Szeged and the Serbian city of Novi Sad.

It is expected to be completed by 2023.

The deal is also a sign of the growing economic ties between Hungary and Serbia.

In recent years, the two countries have signed a number of deals on trade, investment, and energy.

The new oil pipeline deal is the latest sign of the close relationship between the two countries.

Hungary, Serbia to sign long-term oil pipeline deal with Russia

• The deal will see Russia supply oil to Hungary and Serbia through a new pipeline that will be built between the two countries.
• The deal is a "major breakthrough" for Hungary and Serbia, and will help to ensure the energy security of both countries.
• The new pipeline will be built between the Hungarian city of Szeged and the Serbian city of Novi Sad.
• It is expected to be completed by 2023.
• The deal is also a sign of the growing economic ties between Hungary and Serbia.

Conclusion

The oil pipeline deal between Hungary, Serbia, and Russia is a major development that will have a significant impact on the energy security of the region.

The deal is a sign of the growing economic ties between Hungary and Serbia, and it is also a victory for Russian President Vladimir Putin.

The United States will likely be concerned about the deal, as it could reduce Europe's dependence on US energy.