Minister of Finance: 2 billion euros could go to mitigate the effects of the war

By: Trademagazin editor Date: 2022. 05. 10. 11:22

Hungary will also benefit from the resources the European Bank for Reconstruction and Development (EBRD) that would use to mitigate the consequences of the Russian-Ukrainian war in neighboring countries, Varga Mihály said after he negotiated with EBRD’s President, Odile Renaud-Basso in Marrakesh on Tuesday..

Hungary also receives EBRD support

The head of the ministry explained that according to the Hungarian position, the key issue in the current situation is that the financial support should also cover energy security.

Due to Hungary’s historical capabilities and as a landlocked country, Hungary is heavily exposed to Russian energy imports, the finance minister said at the meeting. (MTI)