Heating costs for Hungarian families could triple under EU plans to ban Russian gas, think tank warns
By Thomas Brooke | Remix News | May 13, 2025
Heating bills for Hungarian households could rise by as much as three and a half times if the European Union moves forward with a full ban on Russian natural gas imports, according to a new report by the Századvég Institute, as cited by Magyar Hírlap.
The economic research group estimates such a move would impose nearly HUF 1,100 billion (approximately €2.8 billion) in additional annual costs on Hungary, putting severe pressure on both the country’s energy system and its citizens.
According to Századvég, their calculations — based on publicly available domestic and international energy data — show that a total ban on Russian energy imports would result in a doubling of gas prices and heightened volatility on European energy markets. This would not only harm the EU’s competitiveness but also destabilize Hungary’s long-standing utility bill reduction program, which currently ensures some of the lowest heating costs in Europe for Hungarian families.
Earlier this month, the European Commission published a roadmap outlining its intention to wean European nations off Russian gas before a wholesale ban came into effect by the end of 2027.
“No more will we permit Russia to weaponize energy against us… No more will we indirectly help fill up the [Kremlin’s] war chests,” European Commissioner for Energy Dan Jorgensen told reporters.
The move, however, faces stiff opposition from several nations still heavily reliant on Russia for their imports and unsure of where alternative energy sources will be found for an acceptable price.
In addition to Hungary, Slovakia is also holding firm against the plans. Prime Minister Robert Fico said earlier this week he would veto the move in the European Council if need be.
“A halt of gas supplies will cause instability. Our petrochemical plants were set up to use Russian oil for oil refining, and the shutdown may cause technological problems. I hope that our EU partners will learn about this when legal acts are adopted,” Fico said.
“If it is necessary for all 27 countries to agree, we will use our veto power,” he added.
Currently, Hungary imports around 4.5 billion cubic meters of Russian gas annually through a long-term supply contract, which covered more than half of the country’s total gas consumption last year.
Replacing this volume on international markets, the institute notes, would cost Hungary an estimated HUF 660 billion more. When including Russian gas delivered to Hungary by alternative routes, the shortfall reaches 7.5 billion cubic meters, raising the potential total impact to HUF 1,100 billion annually.
The institute highlighted that Hungarian households today pay an average of HUF 176,900 (around €435) per year for heating, thanks to state price regulations. Without these protections and based on current exchange rates, that figure would nearly double to HUF 355,310. If Russian gas were banned outright, average heating costs could skyrocket to HUF 625,000 (€1,540) — more than three and a half times the current average.
Századvég recalled that the EU’s reliance on Russian gas fell from 40 percent before the war in Ukraine to below 20 percent in 2023. This dramatic shift led to a doubling of gas prices on the Dutch energy exchange. Under the European Commission’s new strategy, prices could rise from €35 to €70 per megawatt hour, according to the think tank’s projections. They warned, however, that actual increases could be even steeper due to market instability triggered by supply shocks.
The report also emphasized the cumulative effect of EU sanctions on Hungarian households. Since 2022, Századvég estimates that higher energy prices, loss of export markets, and increased borrowing costs have drained HUF 2.2 million (€5,430) from the average Hungarian household. The direct financial cost of Ukraine’s accelerated EU accession process would add HUF 458,000 annually, while a ban on Russian gas could tack on another HUF 448,000.
“Brussels’ three highest priority objectives — arming Ukraine, accelerating EU accession, and banning Russian energy — would impose unbearable burdens on Hungarian families,” the Századvég Institute concluded on its website.
Net Zero Fades As the Deluded Cling to Its Fantasy
By Vijay Jayaraj | Townhall | May 9, 2025
The grand vision of “Net Zero” initiatives – by which emissions of carbon dioxide magically balance with expensive and futile capture and storage systems – have long been sold as the redemption arc for humanity’s profligate modern ways. Yet, like a poorly scripted dystopian thriller, the holes in this plot are glaring.
Net Zero was always a fragile concept. It rested on shaky and illogical assumptions: that wind turbines, solar panels and “green” hydrogen could reliably replace fossil fuels, that governments could redesign economies without unintended consequences, that voters would accept higher costs for daily necessities, and that developing countries would sacrifice growth for climate targets they had no hand in creating.
None of those fantasies held. Countries did not decarbonize nearly at the speed promised, even though climate bureaucracies clung to the illusion. Long-range targets, five-year reviews and international pledges lacked common sense and defied physical and economic realities. The result? An unaccountable machine pushing impractical policies that most people never voted for and are now beginning to reject.
If Net Zero were a serious endeavor, its architects would confront the undeniable: China and India are more than delaying their decarbonization timelines – they’re burying them. Why has this been ignored?
China and India – responsible for more than 40 percent of global CO2 emissions in the last two decades – are accelerating fossil fuel use, not phasing it out. In Southeast Asia, coal, oil and natural gas continue to dominate. Vietnam, Indonesia and the Philippines are building new electric generating power plants using those fuels. These countries understand that economic growth comes first.
Africa, too, is pushing back. Leaders in Nigeria, Ghana and Senegal have criticized Western attempts to block fossil fuel financing. African nations are investing in exploitation of the oil and gas reserves.
If Asia represents the global rejection of Net Zero, Germany and the U.K. are poster children of the West’s self-inflicted wounds. Both nations, once hailed as Net Zero pioneers, are grappling with the harsh realities of their green ambitions. The transition to “renewables” has been plagued by economic pain, energy insecurity and political backlash, exposing the folly of policies divorced from facts. When the war in Ukraine cut off energy supplies, Germany panicked. Suddenly, coal plants were back online. The Green Dream died a quiet death.
Trump funding cuts likely will accelerate the fall of Net Zero’s house of cards. The president’s decisions to slash financing for international and domestic green programs has severed the lifeline for global climate initiatives, including the United Nations Environment Program. Trump also vowed to redirect billions from the Inflation Reduction Act – Biden’s misnomered climate law – toward fossil fuel infrastructure.
The retreat of Net Zero interrupts the flow of trillions of dollars into an agenda with questionable motives and false promises. Climate finance had developed the fever of a gold rush. Banks, asset managers and consulting firms hurried to brand themselves as “green.” ESG (Environmental, Social, Governance) investing promised to reward “climate-friendly” firms and punish alleged polluters.
The fallout was massive market distortions. Companies shifted resources to meet ESG checklists at the expense of fiduciary obligations. Now the tide is turning. The Net Zero Banking Alliance comprising top firms globally has been abandoned by America’s leading institutions. Similarly, a Net Zero investors alliance collapsed after Blackrock’s exit.
Perhaps the fundamental failure of Net Zero was political. Permission was never sought from taxpayers and consumers who would pay the costs and suffer the consequences of an always ill-fated enterprise. Climate goals were set behind closed doors. Policies were imposed from above. Higher utility bills, job losses and diminished economic opportunity became the burdens of ordinary families. All while elites flew private jets to international summits and lectured about the need to sacrifice.
A certain lesson in the slow passing of Net Zero is this: Energy policy must serve people, not ideology. That truth was always obvious and remains so.
Yet, some political leaders, legacy media and industry “yes-men” continue to blather on about a “green” utopia. How long the delusion persists remains to be seen.
Vijay Jayaraj is a Science and Research Associate at the CO2 Coalition, Fairfax, Virginia. He holds an M.S. in environmental sciences from the University of East Anglia and a postgraduate degree in energy management from Robert Gordon University, both in the U.K., and a bachelor’s in engineering from Anna University, India.
Russia is not afraid of Western sanctions – Kremlin
RT | May 10, 2025
Russia is used to Western pressure and is not concerned about new sanctions, Kremlin spokesman Dmitry Peskov has said.
He was commenting on a new round of sanctions recently imposed by the UK.
”We already know what we will do once the sanctions are announced and how we will minimize their effect,” Peskov told journalist Pavel Zarubin on Saturday. Russia has learned effective ways to counteract Western pressure, he said. “Therefore, scaring us with sanctions is pointless.”
On Friday, the British government announced what it called the “largest-ever” sanctions package against Russia, targeting its oil transportation network in order to deliver a blow to the country’s energy revenues.
The new measures blacklisted up to 100 oil tankers that the West claims are part of a Russian ‘shadow fleet’, older vessels operating outside Western insurance systems. Since the escalation of the Ukraine conflict over three years ago, successive British governments have introduced more than 2,000 sanctions on Russian individuals and entities.
Moscow has said the move will not harm Russia’s economy and will instead increase energy costs and inflation in Europe.
Earlier, US President Donald Trump called for an “unconditional ceasefire” between Moscow and Kiev, threatening punitive measures if the truce is not observed. “The US and its partners will impose further sanctions” if it is violated, he said.
In March, Russian President Vladimir Putin said that a total of 28,595 sanctions were imposed on Russian companies and individuals in recent years – more than the total number on all other countries combined. According to the president, the West sought to eliminate Russia as a competitor but its economy has only grown more resilient under pressure.
Hungary Prepares for Battle Over EU’s Plan to Phase Out Russian Energy
Sputnik – 09.05.2025
The EU executive is considering bypassing Hungary in the vote on its plan to phase out Russian energy imports by relying on a “qualified majority,” Hungarian Prime Minister Viktor Orban said on Friday.
“We need to gather allies, to prepare legally. There really is a plan to bypass a unanimous decision and pass it by a qualified majority,” Orban told Kossuth Radio.
Hungary is gearing up for an uphill battle in the coming weeks and months to ensure that Hungarian households are not forced to pay twice as much for power and utilities, Orban said.
Orban estimated that Hungary would have to pay about 2 billion euros ($2.23 billion) more for energy than it does now if the European Commission gets its plan to abandon Russian energy imports adopted by the Council of the European Union.
A qualified majority requires at least 15 out of 27 EU member states representing at least 65% of the total EU population to support the proposal.
On Tuesday, the Commission presented a project on ending Russian energy imports to the EU by the end of 2027. The Commission intends to submit a legislative proposal in June to ban all imports under new Russian gas contracts and existing spot contracts. This ban could come into effect by the end of 2025. Remaining imports of pipeline gas and LNG from Russia under long-term contracts could stop by the end of 2027.
US universities are recruiting Indian and Nigerian students to replace Chinese. It’s not working.
Inside China Business | May 8, 2025
Chinese university students contribute over $14 billion a year to the US economy. But Chinese families are increasingly choosing to either study in China, or to other countries.
This shift is deepening the fiscal crises in American higher education, which also suffers from a steep decline in US student populations. US universities are heavily recruiting students from India and Africa, in the hope to make up for shortfalls in Chinese enrollments. And briefly, this strategy seemed to work.
A surge in students from India pushed China into second place, as a leading country of origin for US international students. But that was short-lived. Indian enrollment in the past year plunged, with 99,000 fewer students. Nigeria also saw double-digit percentage declines in just a one-year period.
A more serious problem, however, exists in the financial commitments of the students’ families. Chinese students cluster in the most highly-ranked, and most expensive, US university programs. In comparison, Indian and especially Nigerian students tend to attend far lower-cost programs. Closing scene, Detian Waterfall, near Nanning, Guangxi
Resources and links:
LA Times, Why Chinese students still want to attend U.S. universities https://www.latimes.com/world-nation/…
Interest in studying in US dropped 42% in January https://www.universityworldnews.com/p…
There are already 130,000 fewer international students in the US. Has anyone noticed? https://distributedprogress.substack….
Already facing Trump administration cuts, US colleges risk losses from another revenue source: foreign students https://www.cnn.com/2025/04/18/us/int…
SEVIS Data Shows Declining Number of International Students in the United States https://www.aau.edu/newsroom/leading-…
Wall Street Journal, Chinese Students on U.S. Campuses Are Ensnared in Political Standoff https://www.wsj.com/politics/policy/c…
Tracking College Closures and Mergers https://www.bestcolleges.com/research…
The Demographic Cliff: What It Means for College Admissions and Higher Education https://www.applerouth.com/blog/the-d…
US: New survey shows international student recruitment shifting to India in 2023 https://monitor.icef.com/2023/07/us-n…
Why the Next Wave of International Students May Come From Africa https://www.bestcolleges.com/news/wav…
‘Scandal!’ – Hungary’s Orbán reacts to von der Leyen’s call to fast-track Ukraine membership in the EU
Remix News | May 8, 2025
According to EU commission President Ursula von der Leyen, Ukraine should be given more money and its accession to the EU should be accelerated. In response, Orbán called her policies a “scandal.”
“Ukraine gets money and weapons, and European taxpayers foot the bill,” said Orbán, who responded to von der Leyen’s speech on X.
EU support for Ukraine was discussed at the plenary session of the European Parliament on Wednesday.
In her speech, von der Leyen highlighted three critical points, saying Ukraine needs more weapons, that energy dependence on Russia needs to be ended, and that Ukraine’s ascension process into the EU should be accelerated.
Orbán is making a full-court press against von der Leyen’s speech, highlighting the threat Ukraine also poses to EU agriculture. He notes that Ukraine controls 40 percent of the arable land in Europe, which would result in the EU market being flooded with cheap crops.
Europe has already flooded Ukraine with tens of billions in taxpayer money, yet the EU wants to continue sending billions to the country, even as inflation has eaten into citizens’ pocketbooks.
Hungarian MEP András László wrote in a response that the most obvious reason for keeping Ukraine out of the EU is that a war is still raging between the country and Russia. However, rebuilding Ukraine will cost tens of billions, with some estimates going as high as hundreds of billions. With many EU nations already facing massive debt burdens, allowing Ukraine to enter the EU would perhaps be the greatest financial folly the bloc has ever partaken in.
EU Disburses Another $1.1Bln for Ukraine as Part of G7 Loan Secured by Russian Assets
Sputnik – 08.05.2025
MOSCOW – The European Commission on Thursday disbursed the fourth tranche of macro-financial assistance to Ukraine worth 1 billion euros ($1.1 billion) as part of the G7 loan meant to be repaid with proceeds from frozen Russian assets.
“Today, the European Commission disbursed the fourth tranche of its exceptional macro-financial assistance (MFA) loan to Ukraine, worth €1 billion,” the Commission said.
This is part of the EU’s 18.1 billion euro share of collective contributions within the G7’s 45 billion euro package for Ukraine. It comes on top of the 6 billion euros disbursed by the EU across the first three tranches, the statement read.
“These loans are to be repaid with proceeds from immobilised Russian State assets in the EU,” the Commission added.
Russian Foreign Minister Sergey Lavrov calls the freezing of assets “theft” and warns it’s not just private funds, but state assets targeted.
Vladimir Putin earlier warned that “stealing other people’s assets has never brought anyone good.”
‘Absolute insanity’ – Hungary slams EU plan to halt Russian energy imports
RT | May 7, 2025
The European Commission’s plan to completely phase out Russian fuel imports violates the sovereignty of EU member states by depriving them of the right to choose their energy sources, according to Hungarian Foreign Minister Peter Szijjarto.
Brussels has outlined plans to end the bloc’s energy reliance on Moscow by completely eliminating imports of oil, gas, and nuclear fuel in the coming years.
Hungary obtains over 80% of its gas from Russia via pipeline, with LNG playing a supplementary role. Budapest has continued to strengthen its energy ties with Moscow despite the sanctions introduced by the EU in the wake of the Ukraine conflict.
“The forced, artificially ideological-based exclusion of natural gas, crude oil, and nuclear fuel originating from Russia will lead to severe price increases in Europe, seriously harming the sovereignty of European countries, and cause major difficulties for European companies,” Szijjarto said in a video he shared on his Facebook page on Tuesday, adding that “what was announced is absolute insanity.”
“Everyone in Brussels has lost their common sense,” the foreign minister exclaimed, emphasizing that Budapest would not allow the European Commission (EC) to violate Hungary’s sovereignty and would “uphold the right to source energy from where it reliably arrives and where it arrives at a low cost.”
Earlier in the day, the EC published a “roadmap” outlining its ambitious strategy to end reliance on Russian energy by the end of 2027. The bloc’s executive branch said it would propose legislation in June requiring all member states to draft “national plans” to terminate their imports of Russian gas, nuclear fuel, and oil.
Slovakia’s Prime Minister Robert Fico also criticized the plan, calling the proposal “economic suicide.” He added that Slovakia would push for changes in the legislative process.
Brussels announced its intention to wean EU members off Russian energy shortly after the escalation of the Ukraine conflict in February 2022. Supplies of US liquefied natural gas (LNG) have since replaced much of the cheaper pipeline gas previously delivered by Russia.
Although Russian pipeline gas supplies to the EU have plummeted, the bloc has been increasing its imports of LNG from the sanction-hit nation. Last year, Russia still accounted for around 19% of the EU’s total gas and LNG supply, according to the EC.
‘A lot of people know’ who blew up Nord Stream – Trump
RT | May 6, 2025
US President Donald Trump has dismissed claims that Russia was behind the 2022 sabotage of the Nord Stream gas pipelines and suggested that the true culprit is widely known – without naming names.
Speaking at a White House press event, Trump said there was no need for a formal investigation to uncover who carried out the attack, which crippled a key energy route between Russia and Western Europe.
Three of the four Nord Stream pipelines, built to deliver Russian gas to Germany and the rest of Western Europe, were damaged by blasts at the bottom of the Baltic Sea in September 2022.
On Tuesday, a correspondent for libertarian financial blog ZeroHedge, which has been admitted to White House press events under the new administration, noted that Trump had previously rejected the Western narrative that Russia blew up its own pipelines, and asked the president if he was planning to initiate a probe to find out who was actually behind the attack.
“If you can believe it, they said Russia blew it up,” Trump responded. “Well, probably if I asked certain people, they would be able to tell you without having to waste a lot of money on an investigation. But I think a lot of people know who blew it up,” he added, without elaborating.
ZeroHedge suggested that Trump’s comment meant that “based on classified intelligence he knows exactly who was behind” the destruction of Nord Stream. It also “should put the ‘Russia destroyed its own vital and economically lucrative pipeline’ storyline to rest,” the outlet insisted.
In early February 2023, veteran investigative journalist Seymour Hersh published a report claiming that then US President Joe Biden had given the order to destroy Nord Stream. According to an informed source who talked to the Pulitzer Prize-winning journalist, the explosives that were detonated on September 26, 2022 had been planted at the pipelines by US Navy divers a few months earlier under the cover of a NATO exercise called ‘Baltops 22’. The White House denied the report, calling it “utterly false and complete fiction.”
Senior Russian officials, including President Vladimir Putin, have previously pointed the finger at the US as the possible culprit behind the Nord Stream explosions. They have argued that Washington had the technical means to carry out the operation and stood to gain the most, considering that the attack disrupted Russian energy supplies to the EU and forced a shift to more expensive US-supplied liquefied natural gas.
Germany On the Path to Tyranny
By Jurij Kofner & Glenn Diesen
Glenn Diesen | May 2, 2025
AfD has polled as the most popular political party in Germany, and the political-media class has openly discussed banning the party. AfD as the main political opposition has now been designated as an “extremist organisation”, which opens up for the German intelligence service to surveil and crack down on the political opposition. This is reasonably interpreted as the first step to banning the main opposition party.
Both Marco Rubio and JD Vance have warned against Germany’s drift toward tyranny:

I discussed these issues with the economic advisor to AfD, Jurij Kofner.
Iran says US ‘not serious’ about nuclear talks after Trump imposes new sanctions
The Cradle | May 2, 2025
The Iranian Foreign Ministry affirmed on 2 May that Tehran is committed to continuing the diplomatic process and negotiations regarding its nuclear program but that it “will not accept pressure and threats that violate international law and target the rights of the Iranian people.”
In a statement, the ministry condemned the continued illegal sanctions on Iran and the “pressure on its economic partners,” viewing them as “further evidence that the United States is not serious about adopting a diplomatic approach toward Iran.”
It also stressed that the continuation of these policies “will not change Iran’s firm positions in defending its legitimate rights,” and that “testing failed methods will only lead to a repetition of past failures.”
The Foreign Ministry went on to say that the Iranian negotiating delegation, during the first three rounds, attempted to “reach a fair agreement that guarantees the rights of the Iranian people, within the specified frameworks that allow Tehran to use peaceful nuclear energy.”
Tehran entered indirect negotiations with Washington following US President Donald Trump’s letter to Iran’s Supreme Leader Ali Khamenei, to “resolve a fabricated crisis through diplomacy, based on good faith,” the statement added.
The Ministry’s statement came after Trump announced on Thursday that all purchases of Iranian oil or petrochemical products must stop, warning that any country or individual continuing such trade would face immediate secondary sanctions and be barred from doing business with the US.
“They will not be allowed to do business with the United States of America in any way, shape, or form,” he wrote on Truth Social on Thursday.
Secondary sanctions are a powerful tool for the US because of the size of its economy.
Trump’s comments follow the postponement of the latest US talks with Iran over its nuclear program.
The Iranian Foreign Ministry announced on Thursday that the fourth round of talks, which were due to take place in Rome on Saturday, had been rescheduled at the suggestion of the Sultanate of Oman for “logistical reasons.”
Sources speaking with Al Mayadeen he explained that the postponement came “against the backdrop of the conflicting positions taken by the US administration regarding the talks, and Washington’s efforts to change the general framework for negotiations that had been previously agreed upon.”
In a related development, US Secretary of State Marco Rubio asserted on 1 May that Iran must “walk away” from both uranium enrichment and the development of long-range missiles.
“They have to walk away from sponsoring terrorists, they have to walk away from helping the Houthis (in Yemen), they have to walk away from building long-range missiles that have no purpose to exist other than having nuclear weapons, and they have to walk away from enrichment,” Rubio said in an interview with Fox News.
His comments came as the fourth round of nuclear negotiations between Tehran and Washington, set to take place in Rome on Saturday, were postponed.
An Iranian official cited by Reuters said a new date for the talks would be set “depending on the US approach.”
Tehran has repeatedly affirmed that both its uranium enrichment and its defense capabilities are non-negotiable in the talks with the US.
