Josep Borrel announced the EU's complete rejection of Russian energy resources by the end of the year

"By the end of the year, all countries will get rid of Russia's energy resources completely. Perhaps Hungary will be an exception for political reasons", - Borrel said (quoted by TASS).

In his speech, he expressed hope that the Russian economy will "pay a high price" for the conflict in Ukraine thanks to EU sanctions.

At the same time, he acknowledged that Europe retains technological dependence on China, which, according to him, is much stronger than energy dependence on the Russian Federation."It will not be easy to get rid of it," Borrel believes.

In October, the head of European diplomacy said that the well-being of the EU has long been built on cheap energy resources from Russia and the Chinese market.

In this regard, he considered it necessary to restructure the European economy for further development. Hungary, on the other hand, intends to retain the opportunity to receive energy resources from the Russian Federation — Hungarian Minister of Foreign Affairs and Foreign Economic Relations Peter Szijjarto made a request to the EU the day before. Budapest motivated this by the fact that the country has nowhere else to get oil and gas, the Kommersant newspaper notes.