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Free AccessDuda Says Hungary To Sign Joint Declaration Condemning Russia
Reuters reporting comments from Polish President Andrzej Duda stating that Hungary has agreed to sign a joint Bucharest Nine declaration "which condemns Russia strongly."
- The strongly pro-Ukraine stance of the B9, a political bloc made up of the nine NATO members who were formally part of the Warsaw Pact, has been regularly undermined by ambivalence of Hungary and, more recently, Bulgaria.
- If Hungary decides to pivot and make a public declaration against Russia it would mark a significant loss of influence for Russia in Europe.
- Duda's comments come as reporters close to EU negotiations on the next tranche of Russia sanctions continue to report that Hungary remains the sole obstacle to passing the package.
- Samuel Ramani reports: "Hungary is threatening to veto the renewal of EU sanctions on Russia The EU's compromise on nuclear energy sanctions, which appeased Hungary, is apparently not enough for Viktor Orban."
- Orban declined to attend today's meeting between B9 leaders and President Biden, sending President Katalin Novák to represent him.
- Interim Bulgarian Prime Minister Rumen Radev also declined to attend as he takes a firmer position opposed to Western security assistance to Ukraine.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.