deal between Hungary and Russia

This was reported by the British newspaper The Financial Times citing its sources.

Although the Euro Commission did not oppose the nuclear deal between Hungary and Russia, the agreement regarding the completion of the construction of NPP Paks caused serious “concern” in the regulatory bodies of the EU, according to the publication.

At present, the Russian-Hungarian agreement is being examined by two European agencies. One of them is Euratom, which has not yet agreed to supply fuel for nuclear power plant Paks, which is mandatory in this case. The European Commission is also interested in the contract because it has to examine the legality of the transaction with Rosatom without the tender process.

Brussels is afraid that the decision by the Prime Minister of Hungary Viktor Orban not to organize tender was driven by his close ties with Moscow, which “may lead to Hungary opposing the EU attempt to increase sanctions against Russia.”

At the same time, Hungary, the newspaper writes, is ready for “confrontation with Brussels.” In particular, Orban said that energy policy is a sovereign matter of Hungary. The Hungarian government also expressed an opinion that the European Commission is trying to interfere in the national energy policy, which violates the sovereignty of the EU member states.

In December of 2014, Russia and Hungary signed a contract worth 12 billion euros to construct two energy units for the nuclear power plant Paks. To implement the project, Moscow will provide Budapest a loan of up to 10 billion euros. The funds will be spent on equipment supplies, works and services for the design, construction and commissioning of the energy units.

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