Arab Press

بالشعب و للشعب
Wednesday, Jul 02, 2025

Hungary explains why anti-Russia sanctions have backfired

Hungary explains why anti-Russia sanctions have backfired

The sanctions on Russia are “a total failure,” Hungarian Foreign Minister Peter Szijjarto has said

Brussels’ policies against Moscow have damaged the EU’s economy “very badly,” Budapest argues

Sanctions on Russia have not achieved any of the EU’s stated goals and only backfired by hurting the economies of member states, Hungarian Foreign Minister Peter Szijjarto has said.

The EU, along with the US and several other countries, imposed sweeping restrictions on Moscow in response to its military operation in Ukraine, which was launched in February.

“The sanctions which have been introduced by the European Union [against] Russia have failed. It’s a total failure,” Szijjarto told Jordan’s Roya News on Sunday.

It was said by the European Commission that the sanctions will help us to conclude this war as soon as possible and that it will bring Russia’s economy to its knees. What’s the outcome? It’s totally the opposite.

“The war is becoming more and more brutal … And, in the meantime, the European economy is suffering very badly,” Szijjarto stated, adding that the continent has been hit by a “tremendous energy crisis,” as well as high inflation and rising food prices.

The minister said that Hungary paid €7 billion ($6.9 billion) for energy imports in 2021, but has to pay €19 billion ($18.9 billion) this year. “That’s huge. And this is the outcome of a failed sanctions policy.” 

Szijjarto said that, instead of economic restrictions, the EU should focus on achieving peace in the region. He argued that a settlement in Ukraine could come as a result of negotiations between Russia and the US.

“Basically, we are the only ones in Europe who are arguing in favor of peace,” he said. The foreign minister defended Hungary’s decision to reject Kiev’s calls to send weapons and not to participate in the training of Ukrainian troops. These measures “contribute to escalation” rather than helping to end the conflict, he said.

Hungary’s economy heavily relies on Russian energy, and the government has resisted Brussels’ plans to completely ban oil and gas imports from Moscow. After tense negotiations, Budapest received several exemptions from the bloc-wide restrictions on purchases of Russian fossil fuels.

Hungary said this week that it will not support the EU’s joint loan package, which would secure €18 billion ($17.9 billion) in aid for Kiev.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
×