The Hungarian government’s arguments against Ukraine’s sanctions on Russian oil company Lukoil are falling apart. Hungary accused Ukraine of “blackmail” and endangering its energy security after Ukrainian sanctions blocked Lukoil, Russia’s second-largest oil company, from transiting crude oil through the Druzhba pipeline in June. Hungary and Slovakia were exempt from the EU’s Russian oil sanctions in 2022, which made up 65-70% of supplies to Hungarian oil refiner Mol and its Slovakian subsidiary Slovnaft in May 2024. But Hungary’s panic-imbued rhetoric has fallen flat as country fails to find …