Péter Szijjártó, Minister of Foreign Affairs and Trade, said that despite new sanctions, Russia will continue its deliveries of crude, gas and nuclear fuel to Hungary.
Speaking in Moscow on Monday, Minister Szijjártó said he had held talks with Deputy Prime Minister Alexander Novak and a number of executives of energy industry companies and acknowledged the important role deliveries from Russia play in ensuring Hungary's secure energy supply.
He added that the issue was not a "political matter", but one of "physical reality" and of infrastructure.
"We have no intent of giving up this good cooperation. If for the only reason that nobody has given us a better offer. We know of no other energy sources that are more secure or more competitively priced," he said.
Minister Szijjártó said the inclusion of Gazprombank on the United States sanctions list was an attempt to put countries in Central and Southeastern Europe that use Russian energy in a difficult position.
Discussing the matter on Monday, Deputy Prime Minister Novak and the energy company executives affected by the measure affirmed their interest in cooperation and the continuation of energy deliveries, he added.
"We've committed to finding a solution to the situation," he said. He added that the Hungarian government would do everything in its power to ensure the country's secure energy supply.
He noted that other countries in the region were "in the same shoes" and were working together to resolve the situation.