Hungarian PM says EU sanctions on Russia have hurt European economies more than Moscow and an oil embargo on Russia is a “red line” – TheLiberal.ie – Our News, Your Views

Hungarian PM says EU sanctions on Russia have hurt European economies more than Moscow and an oil embargo on Russia is a “red line”




Hungarian Prime Minister Viktor Orban has said that an EU embargo against Russian energy exports is a red line for his country after Brussels announced the bloc would impose a full embargo on Russian oil by early 2023.

“I was ready to agree with the first five packages of [EU] sanctions, but I made it clear from the beginning that there is a red line: the energy sector,” Mr. Orban told Kossuth radio station on Friday, stressing that Budapest would not support a ban on Russian energy supplies.

“[The sanctions are] an atomic bomb they want to drop on the Hungarian economy,” He added.

The Prime Minister also pointed out that sanctions imposed by the EU on Russia have had a more detrimental impact on the economies of the bloc’s member states than they have on Russia’s economy.

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