Economics

Hungary classifies nuclear agreement with Russia for 30 years

4 march 2015 | 16:45

Hungary's opposition is against the law classifying the Hungary-Russia deal, since it can mean hidden corruption.

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Hungary’s opposition insisted that the law on classifying nuclear deal with Russia would be sent to the Constitutional Court
The coalition of the Hungarian Prime Minister Viktor Orban has approved a law, according to which information about the nuclear contract with Russia would be classified for the next 30 years.

According to Bloomberg, the law was adopted on Tuesday, February 3 by 130 votes. The opposition sees hidden corruption in the law.

According to the nuclear contract, Russia should give 10 billion euro ($ 11.2 billion) loan to Hungary for building two new reactors at the country's only "Paks" Nuclear Power Plant.

Opposition parties say the adopted document contradicts Hungary's Fundamental Law and called on to send the document to the Constitutional Court.

According to the agency, the deal became a symbol of "warming" relations between Hungary and Russia at time when Russian President Vladimir Putin is becoming increasingly isolated in the world because of the crisis in Ukraine.

According to a survey conducted by Greenpeace, 60% of Hungarians oppose the nuclear deal.

Read more: Hungary increases reverse gas supplies to Ukraine

Earlier, The Financial Times wrote that the EU can block energy contracts between Hungary and Russia. The main concern for European leaders is the fact that some positions of the nuclear deal between Russia and Hungary are classified.

It was reported that "Rosatom" would build two new reactors at the power plant in Hungary in the coming years. Also, Russia and Hungary agreed on principles which would determine gas supplies to Hungary. In particular, Russia abandoned the principle of "take or pay."

On 17 February, the heads of Russia and Hungary discussed "possible joint projects" in the gas sector, including developing of a new format on gas cooperation after closing of the "South Stream."

Source: ZN.UA

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