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At the end of September 2021, the Nord Stream 2 project was a reality after many years of uncertainty. At that time, there were only a few more regulatory hurdles remaining for Germany and Russia to seal the deal on the long-awaited and highly controversial natural gas pipeline. Achieving such a feat would have been a milestone in energy cooperation between the two countries. Sadly, the regional order has tilted hard and quick off that track, and Europe has plunged into a perilous future of uncertainty.In the first weeks of the Russian-initiated war in Ukraine, Germany, along with the rest of Europe, found itself backed into a corner regarding its energy sourcing as Western sanctions cut off routes and links in the established regional energy and financial infrastructures. There has been no perceptible success in breaking out of this bind. Instead, Germany has watched time tick by. Russia’s Gazprom recently cut gas flow for Nord Stream 1 to 20 percent of capacity.German nuclear power plants remain mostly idle, with three facilities providing 13 percent of the country’s electricity compared to France’s 69 percent. Coal power plants have now ramped up output, with the inevitable approach of the fall and winter seasons in the near term.
-Hungary’s Foreign Minister Peter Szijjarto is warning that further EU sanctions on Russia would only hurt the bloc’s members.-Szijjarto said, "The EU should...stop mentioning an eighth package of sanctions, should stop flagging measures that would only further deepen the energy supply crisis."-Hungary is a member of the European Union and NATO, but is especially reliant on Russian gas and to a lesser extent oil.Hungarian Foreign Minister Peter Szijjarto has urged EU officials to avoid talk of further sanctions on Russia over its unprovoked invasion of Ukraine, repeating Budapest's warnings that such moves hurt the bloc's 27 members.Szijjarto said in a statement that "The EU should...stop mentioning an eighth package of sanctions, should stop flagging measures that would only further deepen the energy supply crisis."Hungary is a member of the European Union and NATO, but is especially reliant on Russian gas and to a lesser extent oil.
