MLSZKSZ: Russian embargo, conserved Hungarian market loss

Business exporting to Russia and logistics companies are the biggest losers of the sanctions. The question now is not whether how much the EU is losing with the Russian embargo, but how huge will the further market loss will be.

The conflict has also serious implications in Hungary: the Ukrainian-Hungarian rail freight traffic fell by 70 percent, while today the Russian-Hungarian-way traffic is completely bypassing the Záhony region. This may results a severe and irreversible process: several companies can go bankrupt, whileup to 3,000 jobs can be terminated.