EU sanctions like ‘shooting oneself in the foot’ – Hungary PM
Hungarian Prime Minister Viktor Orban has urged a rethink of the European Union’s sanctions policy toward Russia, saying the measures are like “shooting oneself in the foot.”
“The sanctions policy pursued by the West, that is, ourselves, a necessary consequence of which, has been what the Russians are doing, causes more harm to us than to Russia,” Reuters quoted Orban as saying on the radio, he added “in politics, this is called shooting oneself in the foot.”
Russia is Hungary’s largest trade partner outside of the EU, with exports worth $3.4 billion in 2013. Also it is highly dependent on Russian energy. Earlier this year Hungary agreed a $13 billion deal with Russian power company Rosatom to expand the country’s only nuclear power plant.
“The EU should not only compensate producers somehow, be they Polish, Slovak, Hungarian or Greek, who now have to suffer losses, but the entire sanctions policy should be reconsidered,” the Hungarian Prime Minister said, saying he is already looking for support to force through changes. Continue reading . . .
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