Orban urged EU to reconsider sanctions against Russia
The European Union should reconsider sanctions against Russia, because they cause an increase in energy prices and undermine the competitiveness of EU countries – as stated by Hungarian Prime Minister Viktor Orban, TASS reports
The head of the Hungarian government recalled that the EU leaders adopted the Declaration on European Competitiveness at an informal summit in Budapest on November 8th. The document is aimed, in particular, at reducing the prices for oil, gas, and electricity. “Energy prices should be reduced by all available means. This means that the sanctions [against Russia] should be reviewed, because energy prices won’t go down under the current sanctions policy,” Orban said.
He drew attention to the fact that industrial companies in the European Union countries pay several times more for gas and electricity than their main competitors in the United States and China. According to the Hungarian PM, this undermines the competitiveness of the European Union.
Budapest has consistently opposed sanctions against Moscow, noting that they have done more damage to Europe’s own economy.
