MNI China Daily Summary: Thursday, May 16

MNI BRIEF: China To Take Necessary Measures Following Tariffs

MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

US EIA:NAT GAS STORAGE +70 BCF TO 2,633 BCF MAY 10 WK

MNI: US APR INDUSTRIAL PROD +0.0%; CAP UTIL 78.4%

Homebuilding Activity Transitioning From Plateau To Pullback

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Szijjártó Pushes Back On NATO Actions Re: Ukraine In Meeting w/UK FM

HUNGARY
EM BulletHomepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletEmerging Market NewsPolitical Market News

Hungarian Foreign Minister Péter Szijjártó has held a meeting with his British counterpart Lord Cameron in London. As could be expected, the two countries remain poles apart on the war in Ukraine, with the UK a staunch Russia hawk while Hungary is viewed as one of the most Russia-friendly NATO members. Szijjártó said that Hungary would stay out of NATO's "reckless action" in training Ukrainian troops, coordinating arms supply and providing EUR100bn to Kyiv. Calls NATO's proposals "pro-war".

  • Szijjártó has also been speaking at a Chatham House event. Patrick Wintour at The Guardian posts on X some notable comments.
    • On China: Szijjártó, "says he expect China to sign 18 agreements with Hungary when Xi Jinping visits this week, including covering nuclear energy and rail infrastructure, as well a common political declaration that will upgrade the level of co-operation. [...] He does not deny, or confirm, China plans to announce a new Hungarian electric vehicle plant built by [China]."
    • On the US election: Szijjártó says the "Hungarian government is "crossing its fingers" for a victory for Trump saying he is the best global leader to bring peace to Ukraine."
    • On the war in Ukraine Szijjártó, "Insists he has told Russian leaders in public to their face that seizing land by force is unacceptable, but will not supply weapons to Ukraine because "this war does not have a solution on the battlefield". Warns weapon escalation will lead to a global world war breaking out. Wants peace around a negotiating table..."
246 words

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.

Hungarian Foreign Minister Péter Szijjártó has held a meeting with his British counterpart Lord Cameron in London. As could be expected, the two countries remain poles apart on the war in Ukraine, with the UK a staunch Russia hawk while Hungary is viewed as one of the most Russia-friendly NATO members. Szijjártó said that Hungary would stay out of NATO's "reckless action" in training Ukrainian troops, coordinating arms supply and providing EUR100bn to Kyiv. Calls NATO's proposals "pro-war".

  • Szijjártó has also been speaking at a Chatham House event. Patrick Wintour at The Guardian posts on X some notable comments.
    • On China: Szijjártó, "says he expect China to sign 18 agreements with Hungary when Xi Jinping visits this week, including covering nuclear energy and rail infrastructure, as well a common political declaration that will upgrade the level of co-operation. [...] He does not deny, or confirm, China plans to announce a new Hungarian electric vehicle plant built by [China]."
    • On the US election: Szijjártó says the "Hungarian government is "crossing its fingers" for a victory for Trump saying he is the best global leader to bring peace to Ukraine."
    • On the war in Ukraine Szijjártó, "Insists he has told Russian leaders in public to their face that seizing land by force is unacceptable, but will not supply weapons to Ukraine because "this war does not have a solution on the battlefield". Warns weapon escalation will lead to a global world war breaking out. Wants peace around a negotiating table..."