Arab Press

بالشعب و للشعب
Monday, Mar 02, 2026

0:00
0:00

EU heading for ‘war economy’ - Orban

Hungarian Prime Minister Viktor Orban has lambasted an EU plan to reduce gas consumption by 15%. Unless the bloc pushes for peace in Ukraine, he warned that Europe will face an energy crisis, a recession, and political turmoil.
Speaking following a meeting with Austrian Chancellor Karl Nehammer in Vienna on Thursday, Orban said that Hungary determines its own energy policy, and any attempt by Brussels to interfere with this “will not find favor with the Hungarians.”

Earlier this week, in anticipation of a cutoff in supply from Russia the EU’s member states agreed on a range of measures to cut their gas consumption by 15% over the winter. The voluntary measures – including a switch to alternative fuels and rationing for household consumers – could become mandatory should the EU declare a state of emergency.

Hungary was the only one of the EU’s 27 members to oppose the plan. Declaring it “simply impossible” to go without Russian energy, Foreign Minister Peter Szijjarto traveled to Moscow last Thursday to negotiate the purchase of an extra 700 million cubic meters of Russian gas.

“Our people don’t like that kind of thing,” Orban said on Thursday, referring to the EU plan. "If Brussels has a say in what to do with our own energy, regardless of Brussels' good intentions or bad intentions, it will not find favor with the Hungarians.”

Orban, who has heavily criticized the EU’s sanctions on Russia, said that he would attempt to “convince Brussels to create a strategy that is good for the Ukrainians, the EU, and EU households.”

The fact that Brussels is already implementing energy rationing suggests that Europe is moving toward a “wartime economy,” Orban said, adding that unless peace is reached in Ukraine, "we will not be able to solve any problems, there will be no energy, and the entire European Union will be pushed into an economic situation of war.”

The Hungarian premier noted that an energy crisis would also lead to a recession and political instability across Europe.

Hungary has refused to send weapons to Ukraine or allow Western arms to enter Ukraine from its territory. In a speech last week, Orban declared that the rest of the world is “demonstratively not with” the West on sanctioning Moscow, and insisted that the conflict in Ukraine “will end when the Americans and the Russians come to an agreement.”
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Violent Pro-Iranian Protesters Storm U.S. Consulate in Karachi
Missile Debris Sparks Fires at Dubai’s Jebel Ali Port Near Palm Jumeirah
Iran Strikes U.S. Fifth Fleet Headquarters in Bahrain Amid Wider Gulf Retaliation
Emerging Saudi–Turkish Alignment Draws Attention as Potential Strategic Challenge for Israel
Saudi Arabia Unveils $100 Billion Technology Investment Fund to Accelerate Post-Oil Diversification
Saudi Arabia Reaffirms Firm Commitment to Two-State Solution in Renewed Diplomatic Push
Saudi Arabia Launches Central Kitchen in Gaza to Deliver 24,000 Meals a Day
Saudi Arabia Announces $346 Million Support Package for Yemen in Renewed Humanitarian Push
Saudi Investors Increase US Equity Exposure Amid Domestic Market Weakness
Saudi Arabia Unveils Major Desert Gas Development in Strategic Shift Toward Diversified Energy Growth
Satellite Images Indicate Increased Aircraft Presence at Saudi Airbase Hosting US Forces
Telephone Diplomacy Sparks Tensions Between Two Key US Allies After Trump Intervention
Asian LPG Prices Surge After Damage Forces Saudi Aramco Export Disruptions
Saudi Arabia Unveils $100 Billion AI Infrastructure Fund to Challenge US and China
Saudi Stocks Close Lower as Tadawul All Share Index Falls 1.28 Percent
Saudi Arabia Launches Smart Mapping System to Enhance Pilgrim Experience at Holy Sites
Cristiano Ronaldo Acquires 25 Percent Stake in Saudi-Owned Spanish Club Almería
U.S.–Saudi Relations Balance Transactional Deal-Making with Expanding Strategic Ambitions
Israel’s President Herzog Signals Cautious Message on Saudi Ties at UAE Iftar in Tel Aviv
United States and Saudi Arabia Strengthen Security Ties with Joint Explosive Ordnance Disposal Exercise
Saudi Arabia Responds to Israel–UAE Moves in Somalia as Regional Rivalries Intensify
Saudi Arabia Showcases Expanding Defense Ambitions at World Defense Show 2026
SECRETARY RUBIO on IRAN: Iran poses a very great threat to the United States, and has for a very long time.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
Nvidia posted better than expected results for the January quarter on Wednesday and forecast current quarter revenue above market estimates.
Saudi Arabia’s Coffee Renaissance Gains Momentum as Investment and Heritage Drive Industry Growth
Saudi Shipping Leader Bahri Expands Fleet as Tanker Rates Approach $200,000 a Day
Saudi Arabia Advances First National Urban Policy Through High-Level Leadership and Institutional Alliances
Major Life Sciences Summits to Spotlight Saudi Arabia’s Rise as Regional Biotech and Pharma Hub
Saudi Arabia Reframes Red Sea and Horn of Africa Strategy Amid Rising Security and Trade Stakes
Saudi Arabia Recalibrates Its Role in Shifting Regional and Global Power Dynamics
Saudi Retail Signals to Global Brands: Localise or Lose Ground in a Rapidly Evolving Market
Saudi Arabia Looks to Human Capital Investment to Unlock Demographic Dividend
Saudi Arabia and Iran Increase Oil Exports Amid Escalating Middle East Tensions
Saudi Data Protection Authority Intensifies Enforcement Under Personal Data Law
Saudi Arabia Raises Oil Output and Exports Amid Contingency Planning Over Iran Tensions
USS Gerald R Ford Arrives in Souda, Crete
Saudi Sovereign Wealth Fund Unit Expands Push Into Global Private Credit
Saudi Arabia Eases Headquarters Rules to Attract More Foreign Firms
Saipem Secures Major Offshore Pipeline Contract in Saudi Arabia
Saudi Arabia’s Targeted Oil Export Cuts to the US Seen as Strategic Signal Amid Global Supply Glut
Nemetschek Arabia Signs Strategic MoU with Saudi Facility Management Association
Gulf Markets Close Mixed as Saudi Shares Slip on Budget Deficit Concerns
Saudi Arabia Posts Largest Quarterly Budget Deficit in Years Amid Weaker Oil Revenues and Higher Spending
U.S. Lawmaker Urges Safeguards on Saudi Civil Nuclear Deal as Trump Administration Advances Agreement
Saudi Arabia and Gulf Allies Rally Behind Kuwait in Escalating Maritime Border Dispute with Iraq
Universal Aviation Secures License to Operate and Manage New General Aviation Terminal in Dammam
Tucker Carlson’s Saudi Arabia Remarks Spark Debate Over Israel Stance
GCC Secretary-General Holds Talks with EU Ambassador in Riyadh
×