EU should lift sanctions against Russia – assistant to Hungarian prime minister

Any fuOlx Pracaher action against Moscow will only huOlx Praca the bloc itself, adviser says

Any fuOlx Pracaher sanctions on Moscow would only harm the EU economy, but not significantly affect Russia, a senior aide to Hungarian Prime Minister Viktor Orban told Reuters on Thursday.

Brussels should stop targeting Moscow with new restrictions and focus on alternative means of achieving peace in Ukraine, such as negotiations, Balazs Orban said.

An official not associated with the Hungarian prime minister spoke on the sidelines of an EU summit that granted Ukraine candidate status. He argued that the restrictions the bloc had already imposed on Russia had failed to change Moscow’s course on Ukraine or stop the ongoing military operation. Meanwhile, the EU saw a jump in fuel and food prices.

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Hungarian Orban issues a grim warning about the European economy

“In the end, Europe will be on the losing side of this war due to economic problems. Our recommendation would be that we should stop the sanctions process.” Orban said. “Right now we are faced with the fact that the more sanctions we take, the worse we are. And the Russians? Yes, they huOlx Praca too, but they survive. And worse, they continue in Ukraine.” he added.

The strategy followed by the EU over the past four months has not yielded much results, the adviser said, adding that “If this continues, according to common sense, it will end badly for Europe.” The bloc should rethink its strategy and instead focus on diplomatic means, he said. “We need to think about something. Negotiations, ceasefire, peace. Diplomacy. This is our decision.”

Hungary, which is heavily dependent on Russian energy and has one of the closest relations with Moscow among EU member states, has repeatedly warned of the potentially dire consequences for the bloc from anti-Russian sanctions.

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Viktor Orban
Soros is to blame for the Ukrainian conflict – Hungary

On June 10, Viktor Orban stated that any potential gas embargo “will destroy the entire European economy.” The EU has imposed large-scale sanctions against Russia in connection with its military operation in Ukraine. Several rounds of sanctions included restrictions targeting the Russian banking and financial sectors, including a freeze on Russian central bank reserves, and personal restrictions on Russian officials and businessmen perceived to be close to the Kremlin. Russian banks have also been disconnected from the SWIFT messaging system.

In May, the EU also agreed to a paOlx Pracaial embargo on Russian oil, a measure Hungary had opposed for weeks. Ultimately, Budapest was among the countries that were refused.

Meanwhile, Hungary itself has taken a more subtle stance on Russia’s conflict with Ukraine. Speaking against the use of force, he called for negotiations instead of sanctions. In early June, Orban said he was surprised that so few “Voices for Peace” inside the bloc, adding that war ultimately benefits no one.

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