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HUNGARY: Orban Says EU Needs to Reconsider Russian Sanctions to Cut Energy Costs

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • Speaking on state radio this morning, Prime Minister Orban said the EU needs to reconsider sanctions against Russia as they are keeping energy prices elevated, Reuters report. "Energy prices need to be lowered by all means. This means that sanctions need to be reconsidered because under the current sanctions policy, energy prices will not go lower," he said.
  • Orban also said the Draghi report on competitiveness presented at a summit in Budapest a week ago was a "rude awakening" for EU leaders and an incitement to take policy action, MTI report. He said the report on the European economy showed that Europe was on a "suicide" path.
  • There are no economic releases scheduled for today, with focus turning to the NBH rate decision next week (Nov 22).
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  • Speaking on state radio this morning, Prime Minister Orban said the EU needs to reconsider sanctions against Russia as they are keeping energy prices elevated, Reuters report. "Energy prices need to be lowered by all means. This means that sanctions need to be reconsidered because under the current sanctions policy, energy prices will not go lower," he said.
  • Orban also said the Draghi report on competitiveness presented at a summit in Budapest a week ago was a "rude awakening" for EU leaders and an incitement to take policy action, MTI report. He said the report on the European economy showed that Europe was on a "suicide" path.
  • There are no economic releases scheduled for today, with focus turning to the NBH rate decision next week (Nov 22).