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Govt Criticise European Commission’s 10th Sanctions Package

  • The European Commission's 10th package of sanctions against Russia "makes clear that Brussels won't provide any help whatsoever in the fight against inflation", MTI report citing the foreign ministry. The Hungarian government has often blamed the high rate of inflation rate as both a consequence of the war in Ukraine and Brussels' “ill-advised sanctions".
  • The European Commission said it decided yesterday to refer Hungary, Croatia and Portugal to the Court of Justice of the European Union (CJEU) with a request to impose financial sanctions for failing to transpose the bloc's renewable energy directive into national legislation, The Budapest Business Journal reports.
  • Prime Minister Orban will hold his annual state of the nation speech tomorrow at 1400 GMT/1500 local time. According to local news site Origo, Orban will use his speech primarily to present his thoughts and plans on how the government can protect Hungary in “the era of dangers” – a term his government has frequently used to describe Russia’s invasion of Ukraine. Last year, the speech focussed on the then upcoming elections.

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