“Our economy will be destroyed without Russian gas,” he said in an interview with Fox News.

The head of Hungarian diplomacy stressed that for the technological transformation of enterprises on the territory of the state in order to process types of oil and gas, in addition to Russian ones, additional investments of €550 million will be required.

According to Szijjártó, the total amount of investments to solve this problem could be about €1 billion.

The Hungarian Foreign Minister also noted that the country had not received an acceptable proposal from the European Union on an embargo on Russian oil.

Earlier, Politico reported that the EU may postpone the embargo on oil from Russia because of Hungary.