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Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad sayin...
Hungary will take legal action at the European Union’s top court to challenge new EU rules phasing out imports of Russian gas, Foreign Minister Peter Szijjarto said on Monday.
Szijjarto said Budapest will ask the Court of Justice of the European Union to annul the regulation once it is formally published, arguing that the decision breaches EU treaties by interfering with national authority over energy policy.
"We will use every legal means to have it annulled," Szijjarto said in a post on X.
He claimed the EU had used a "legal trick" to pass what he described as a sanctions-style measure as a trade decision, allowing it to be adopted without unanimous approval by member states.
"The treaties are clear: decisions on the energy mix are a national competence," Szijjarto said. "Banning Hungary from buying oil and gas from Russia goes against our national interest and would significantly increase energy costs for Hungarian families."
The European Union on Monday formally adopted new rules to gradually phase out imports of Russian pipeline gas and liquefied natural gas (LNG), with the measures approved by all 27 member states, according to the EU Council.
Under the regulation, restrictions on Russian gas imports will begin six weeks after the rules enter into force. Existing contracts will be allowed to continue during a transition period to limit market disruption and price shocks.
A full ban on LNG imports from Russia will apply from the beginning of 2027, while pipeline gas imports will be prohibited from autumn 2027.
EU member states will be required to verify the origin of gas before authorising its entry into the bloc. Companies must also inform national authorities and the European Commission of any remaining contracts involving Russian gas.
The regulation includes monitoring requirements, supply diversification obligations and penalties for violations, including fines of at least €2.5 million for individuals and €40 million for companies, or up to 3.5% of a firm’s global annual turnover.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iranian President Masoud Pezeshkian arrived in New Delhi on Friday to attend the weekend BRICS summit, amid the ongoing U.S.-Iran conflict, joining a host of foreign dignitaries.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Mexico and the U.S. are racing to secure a trade deal before the U.S. midterm elections in less than eight weeks, according to six sources familiar with the talks, with failed negotiations between Washington and Canada adding urgency.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
Saudi Arabia has temporarily shut down its 1,200-kilometre East-West oil pipeline after it was hit by a drone attack, with Riyadh and Baghdad saying the strike originated from Iraq.
Russia's Defence Ministry said its forces struck two cargo vessels overnight in the Ukrainian Black Sea port of Chornomorsk, the Interfax news agency reported on Saturday.
U.S. President Donald Trump said on Saturday he would “love” to see British-run Northern Ireland unify with Ireland, remarks made during a visit to Dublin that drew a sharp response from pro-British unionists in Northern Ireland.
BRICS leaders have called for maximum restraint over the war in the Middle East, warning against actions that could further worsen tensions as the United States and Iran resume strikes against each other.
Dubai’s property market has spent years climbing. Now, for the first time since 2021, prices are moving in the opposite direction.
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