Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
US President Donald Trump: I will most likely go to Egypt.
Russian agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged

EU destroyed its own economy with sanctions on Russia: Hungarian FM

  • By Al Mayadeen English
  • Source: RT
  • 22 Mar 2025 21:48
  • 2 Shares
3 Min Read

Hungary has been increasingly opposed to the EU's anti-Russian policy, evidenced most recently by Budapest's threats to block new sanctions on Russia by the European bloc.

Listen
  • x
  • Hungarian Foreign Minister Peter Szijjarto speaks during a press conference after talks with his Serbian counterpart Marko Djuric in Belgrade, Serbia, Thursday, Feb. 13, 2025 (AP)
    Hungarian Foreign Minister Peter Szijjarto speaks during a press conference after talks with his Serbian counterpart Marko Djuric in Belgrade, Serbia, Thursday, Feb. 13, 2025 (AP)

European Union's sanctions on Russia had detrimental effects on the EU's economy, Hungarian Foreign Minister Peter Szijjarto stated in an interview with RT.

Szijjarto emphasized that the European Union's sanctions against Russia have failed to achieve either of their intended objectives—destabilizing the Russian economy and bringing the Ukraine conflict to an end, in an exclusive interview with RT released on Saturday.

“The EU has basically stabbed the European economy in the heart by the sanctions,” the Foreign Minister said, arguing that the sanctions have damaged the EU's competitive edge and isolated the bloc, noting that Brussels is preparing a 17th sanctions package despite the failure of the strategy.

“We are three years after the first package. The Russian economy is far from being on its knees. And we are now close to peace, but not because of the sanctions,” he stated, adding that it was “becoming unserious, ridiculous, and really harmful” for Brussels to continue imposing new economic restrictions for the sake of anti-Russian “ideology.”

'Hungary not to back any future sanctions'

Related News

Viktor Orban warns European Union risks collapse without reform

EU mulls curbing Russian oil pipeline supplies to Hungary, Slovakia

The minister stated that Budapest had been explicit in its stance, emphasizing that any future sanctions would not receive its support should they pose a threat to Hungary’s national interests. He also voiced concern over the increasing militarization within the EU amid efforts to supply Ukraine with weapons.

The FM cautioned that such measures contribute to the prolongation of the war and heighten the risk of further escalation.

“This pro-war sentiment of the European leaders is really, really dangerous,” Szijjarto stated, emphasizing that “Our clear expectation is that they should not put obstacles in the way of the peace process... in the way of [US President Donald] Trump and [Russian President Vladimir] Putin negotiating about how to make an agreement and how to make peace here.”

Hungary may block renewal of EU sanctions on Russia: Reports

in a similar context, earlier this month, Hungary signaled possible resistance to the European Union's upcoming renewal of sanctions on Russia, which must be unanimously approved by all 27 member states before they expire on March 15.

According to a report by Euractiv, Budapest could use its position to delay or challenge the extension during upcoming discussions. 

At last week's emergency EU summit on Ukraine, Hungary was the only member state that declined to endorse a joint statement adopted at the meeting's conclusion. While the issue is set to be revisited at the next EU summit on March 20-21, sources cited by Euractiv suggest that Hungary did not actively obstruct the initiatives proposed by other states.

The report notes that Budapest did not directly challenge the sanctions or the transit of Russian energy resources but may have been reserving its efforts for the next round of talks.

  • Hungary
  • sanctions
  • Russia
  • EU
  • Hungarian FM
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media

Gaza resistance announces major operations against Israeli forces

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Retired Israeli General Brik says Israel has reached point of no return.
Politics

Retired Israeli General Brik: 'Israel has reached point of no return'

Depleted by foreign wars, US seeks to re-arm for another confrontation
Politics

Depleted by foreign wars, US seeks to re-arm for another confrontation

Gaza’s newborns gasp for life as hospitals collapse amid Israeli war
Health

Gaza newborns gasp for life, share oxygen masks amid collapsed system

UK arms exports to 'Israel' reach record high despite ban calls
Politics

UK arms exports to 'Israel' reach record high despite ban calls

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS