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
Al Mayadeen's correspondent in South Lebanon: "Israel" targets vehicle in strike on Zawtar al-Sharqiyeh, Nabatieh District.
Al Mayadeen's correspondent in South Lebanon: Preliminary reports of strike on Zawtar al-Sharqiyyah, Nabatieh District.
Greene: US tax money used to fund "Foreign wars, foreign aid, foreign interests"
Greene: Trump welcomed Republicans who 'secretly hate him and who stabbed him in the back'
Republican Congresswoman Marjorie Taylor Greene to resign amid 'conflict with Trump'
Trump: Think Mamdani will surprise some conservative people
Trump: Didn’t discuss whether Mamdani would have Netanyahu arrested
Trump: Talked about things we have in common
Trump: Going to be helping Mamdani
Trump: Want New York to do well

Russia developed financial flexibility in response to sanctions: Orban

  • By Al Mayadeen English
  • Source: Agencies
  • 27 Jul 2024 20:30
  • 1 Shares
3 Min Read

Despite losing the ability to import agricultural products from the West due to sanctions, Russia has become the largest exporter of food products within a few years.

Listen
  • x
  • Hungarian Prime Minister Viktor Orban attends a joint news conference with Russian President Vladimir Putin following their talks in the Kremlin in Moscow, Russia, Friday, July 5, 2024. (AP)
    Hungarian Prime Minister Viktor Orban attends a joint news conference with Russian President Vladimir Putin following their talks in the Kremlin in Moscow, Russia, Friday, July 5, 2024. (AP)

In an interview with the Romanian broadcaster M1 on Saturday, Hungarian Prime Minister Viktor Orban on Saturday dismissed allegations that Russia is an autocracy, that the country has adapted to Western sanctions and shown economic and social resilience.

"Russia has learned lessons since 2014 and not only learned them but also turned them into actions. They carried out the necessary development of the IT and banking sector, so the Russian financial system did not break down. They have developed the ability to adapt," Orban.

The official noted that, despite losing the ability to import agricultural products from the West due to sanctions, Russia has become the largest exporter of food products within a few years.

"When Russia is described as a rigid neo-Stalinist autocracy, it is a lie. In fact, we are talking about a country that demonstrated technical, economic and, as you can see, maybe social flexibility," Orban said.

He further said that the West has called on the entire world to take action against Russia, but instead, support for Russia has gradually increased.

Orban also mentioned that while he was not surprised by the support from China and the DPRK, he was taken aback by the positions of Iran, India, Turkey, and the Muslim world, which now consider Russia a partner.

Related News

Orban: Ukraine war 'killing' EU economy, diplomacy urgently needed

Orban clashes with Kiev as corruption scandal linked to Zelensky grows

Read more: Russian economy immune to sanctions: The Economist

Earlier in July, Orban embarked on a "peace mission" tour, visiting Russia, Ukraine, and China, where he met with leaders to present his vision for a peace process.

Sources familiar with the matter told Politico that the EU's legal service informed member states that Orban's actions violated agreements that prohibit any measures "which could undermine the achievement of the Union's objectives."

At the same time, the Hungarian leader is reported to have violated a provision that mandates all members to conduct foreign policy "unreservedly in a spirit of loyalty and mutual solidarity."

His meeting with US presidential candidate Donald Trump while serving as the rotating president of the EU likewise caused controversy among EU members.

Upon completing his visits to China and Russia, European Parliament members asked that Hungary's right to vote in EU elections be taken away.

Prime Minister Orban "has already caused significant damage by exploiting and abusing the role of the Council Presidency," 63 MEPs said in a letter obtained by Politico and addressed to European Commission President Ursula von der Leyen, European Council President Charles Michel, and European Parliament Chief Roberta Metsola.

Read more: Hungary not in 'right reference group' in EU: Finland FM

  • Hungary
  • Viktor Orban
  • Russia
  • Russian economy
  • Sanctions on Russia

Most Read

Investigations revealed a Turkish doctor and an Israeli were responsible for sourcing clientele for organs, who paid in excess of $100,000 for transplants. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

The global Zionist organ trafficking conspiracy

  • Palestine
  • 15 Nov 2025
Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

  • Politics
  • 19 Nov 2025
Ukrainian political analyst Mikhail Chaplyha has written that Jolie was ‘called’ to Kherson in order to divert attention from Pokrovsk. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

Strategic cities fall to Russian forces in Donbass; Ukraine denies what is happening

  • Opinion
  • 16 Nov 2025
Hamas fighters stand in formation as they prepare for the ceremony of Israeli captive hand over to the Red Cross in Nuseirat, central Gaza Strip, Feb. 22, 2025. (AP)

US plot for Gaza in shambles amid continued popular support for Hamas

  • Politics
  • 17 Nov 2025

Coverage

All
In Five

Read Next

All
a
Politics

Singapore sanctions Israeli settlers over West Bank violence

An image of the Signal app is shown on a mobile phone in San Francisco, March 18, 2025. (AP Photo/Jeff Chiu)
Politics

FBI monitored Signal chat of immigration activists in New York

Convicted spy Jonathan Pollard leaves a federal courthouse in New York Friday, Nov. 20, 2015 (AP)
Politics

Huckabee’s secret meeting with US spy Pollard sparks CIA concern

A Palestinian carries the body of a man killed while trying to receive aid near a distribution center operated by the US-backed Gaza Humanitarian Foundation (GHF) in the Netzarim Axis, in the Gaza Strip, Occupied Palestine, Aug. 4, 2025 (AP)
Politics

US mercenary firm, tied to GHF, recruiting for redeployment in Gaza

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