• Ar
  • Es
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Europe
  4. EU sanctions on Russia hurt member states & reward Moscow: Hungary FM
Europe

EU sanctions on Russia hurt member states & reward Moscow: Hungary FM

  • By Al-Mayadeen English
  • Source: Agencies & Al-Mayadeen
  • 14 Sep 2022 13:49

Hungarian State Secretary predicts EU lift some Russian sanctions due to the damage they have caused on European economy.

  • EU sanctions on Russia hurt member states & reward Moscow, Hungary MP
    EU sanctions on Russia hurt member states & reward Moscow, Hungary MP

“Reality knocks on the door of every country,” said the Hungarian State Secretary for Foreign Affairs during a TV interview on Tuesday, while describing how EU sanctions on Russia have backfired on member states while increasing Moscow's revenues, predicting the ease of sanctions on Moscow in the upcoming EU sanctions' policy review in autumn. 

Minister Tamas Menczer also said that Hungary opposed a price cap on Russian gas, calling it ridiculous, stating that EU sanctions triggered a spike in energy prices that increased Moscow's revenues while Europe faced energy shortages.

Hungary sees EU sanctions on Russia as self-defeating

Budapest has repeatedly criticized the EU's sanctions on Russia. In late July, Viktor Orban, Hungary's PM, said that sanctions have not shaken Moscow's resolve, despite the fact that Europe has already lost four governments due to economic and political crises.

He implied that the sanctions are self-defeating and will only hurt Europe, urging the Union to ditch the sanctions policy and resort to diplomacy.

"Right now what we experience is that the more sanctions we accept, the worse shape we are in," Orban said

However, Hungary's stance on Russia may get it in trouble in the EU. According to Czech European affairs minister, Mikulas Bek, Hungary's stance on Russia and the conflict in Ukraine could potentially see it exiting the European Union

“Negotiations are often tough in the EU, and many countries could engage in them. But Hungary, in my opinion, has come a long way, reaching the edge of an abyss, and now it has to decide whether to go back from that edge or risk a jump, the consequences of which I don’t even want to speculate on,” the minister said.

Read more: Politically, winter is coming: German Economy Minister

  • Hungary
  • Russia
  • Sanctions on Russia
  • EU
  • European Union
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?

Trending Now

All
new sanctions on Russia and Belarus? (AP)

Work on 10th anti-Russia package of sanctions underway: Polish envoy

Most Read

London posts job ad for mercenaries for Ukraine counteroffensive

London posts job ad for mercenaries for Ukraine's counteroffensive

  • Africa
  • 24 May
The Middle East Stabilises, Against the Backdrop of a Great Unravelling

The Middle East Stabilises, Against the Backdrop of a Great Unravelling

  • Analysis
  • 28 May
In this image released by the Italian firefighters, a helicopter searches for missing passengers after a tourist boat capsized in a storm on Italy's Lago Maggiore in the northern Lombardy region, May 28, 2023 (AP)

Top Israeli intelligence official dead in Italy: Israeli media

  • Europe
  • 29 May
The domestically produced C919 passenger jet flies at the China International Aviation and Aerospace Exhibition in Zhuhai, Guangdong province, Peoeple's Republic of China, 8 November 2022. (Reuters)

China is set to launch first commercial flight on its C919 plane

  • Asia
  • 26 May

Read this

All
Chief of the Australian Defence Force Gen. Angus Campbell bites his lips while delivering the findings from the Inspector-General of the Australian Defence Force Afghanistan Inquiry, in Canberra, Thursday, Nov. 19, 2020. (AP)
Asia Pacific

Australian Defense bans drinking while deployed due to war crimes

  • 30 May
Elon Musk
Asia

Musk in China, Tesla to continue expanding business with Asian giant

  • 30 May
The US Treasury Building is viewed in Washington, US on May 4, 2021. (AP)
US & Canada

US issues new sanctions on Syria, targets two money service businesses

  • 30 May
Casualties in Ukraine strike on evacuee housing centers in Belgorod
Europe

Casualties in Ukraine strike on evacuee housing center in Belgorod

  • 30 May
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

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