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HUNGARY: Szijjarto Holds Talks with Russia's Lavrov in New York

HUNGARY
  • Foreign Minister Peter Szijjarto discussed the war in Ukraine and bilateral relations with Russian counterpart Sergey Lavrov in New York on Tuesday, MTI report. Szijjarto said the West's strategy had "failed", arguing that "regardless of the weapons deliveries, regardless of the sanctions", the situation on the battlefield had not gone the way the Europeans and the Americans had hoped.
  • EU defense policy directors will meet in Budapest in the latest of a series of informal meetings being held as part of Hungary’s rotating presidency. As a reminder, the chief spokesman for the EU’s executive arm announced earlier in the week in that it will send senior civil servants rather than commissioners to the meetings in protest of Prime Minister Orban’s recent trips to Moscow and Beijing.
  • There are no economic releases on the docket until economic sentiment data Sunday evening. The NBH meet next on July 23, where the central bank is broadly expected to maintain its cautious stance and keep rates unchanged at 7.00%.

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