EU sanctions against Russia cause damages to Hungary
The embargo imposed against Russia and Russia's response cause much damages to Hungary – the Minister of State of Ministry of Foreign Trade and Foreign Affairs said at a CIS Club event in Budapest on Wednesday.
“As EU Member State, we voted for the EU sanctions, and of course we keep on with them, but it hurts” – Szabó László said. Hungary’s loss in agricultural exports is one million US Dollars per 3-4 days, since the beginning of August, so since the introduction of the sanctions the total loss is approximately 85 million USD – he added. (MTI)
Related news
AliExpress launches fulfillment in Europe
Chinese online marketplace AliExpress is launching Local+, a fulfillment solution…
Read more >Brussels has initiated proceedings against Hungary over margin restrictions
The European Commission has launched two infringement proceedings against Hungary…
Read more >Annual inflation slowed in the euro area and the EU in May
Annual inflation slowed in both the eurozone and the European…
Read more >Related news
Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >Restructuring in the hygiene paper category
Trends in the hygiene paper market reflect changing consumer expectations,…
Read more >