Hungary reveals cost of sanctions on Russia ...News

Budapest will be forced to cut social spending due to budget shortages stemming from EU restrictions, PM Viktor Orban says The Hungarian economy is losing billions of dollars due to Western sanctions on Russia, Prime Minister Viktor Orban said on Friday. “The policy of sanctions,” which has led to a drastic surge in energy prices across the EU, will cost his country’s economy $10 billion a year, he stated. Orban explained that the pressure on the Hungarian budget will result in cuts to social spending, adding that from this perspective, Hungary’s stance against the sanctions “doesn’t seem to be excessive.” Earlier

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Hungary reveals cost of sanctions on Russia ...News

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