MNI BOE WATCH: Narrow Path To Aug Cut, Wary Messaging Likely

MNI China Daily Summary: Tuesday, July 30

MNI BRIEF: China To Step Up Macroeconomic Policies - Politburo

MNI: PBOC Net Drains CNY51.03 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1364 Tues; -1.28% Y/Y

CHINA PBOC CONDUCTS CNY216.27 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: EUROZONE Q2 PRELIM FLASH GDP +0.6% Y/Y

MNI: EUROZONE Q2 FLASH GDP +0.3% Q/Q

MNI: NORTH RHINE WESTPHALIA CPI +0.3% M/M, +2.3% Y/Y

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EU Considers 'Financial Compensation' To Hungary Over Oil Sanctions

EU-RUSSIA

Politico has reported that 'EU officials are considering offering financial compensation to Hungary in an attempt to persuade Prime Minister Viktor Orbán to sign up to the bloc's proposed sanctions on Russian oil.'

  • Politico cites three EU officials in their report, suggesting that a diplomatic assault from EU Commission President Ursula Von Der Leyen yesterday evening and today has failed to convince Orbán of the merits of sanctioning Russian oil.
  • According to the Elyse Palace French President Emmanuel Macron also spoke to Orbán this morning to 'finalise in a spirit of solidarity the guarantees which are necessary for oil supply conditions.'
  • Orbán has argued that sanctioning Russian oil would be tantamount to 'detonating an atomic bomb' on the Hungarian economy.
  • In article earlier today WSJ's Laurence Norman wrote that the sanction package is likely to come together but the process is now 'officially messy'. Norman: 'No clear timeline. And no-one quite knows what Orban will do.'
  • The current EU plan to phase out Russian oil would give Hungary until the end of 2024 to end Russian imports - significantly longer than other EU member states.
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.