“If the European Union ... wants to punish Russia on the issue of oil, then an embargo on seaborne oil supplies should be imposed, because they make up the largest share of Russian oil supplies to Europe,” he said in an interview with Fox News.

According to the head of Hungarian diplomacy, if the EU makes an exception in the sanctions for deliveries through pipelines, the economies of the countries of the union "will continue to function."

“Besides, then the EU will achieve its goal,” the minister added.

Szijjarto noted that the country has not yet received an acceptable proposal from the European Union on an embargo on Russian oil.

According to the Hungarian Foreign Minister, under the ban on Russian gas supplies, the country's economy will be destroyed.