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
GKI: The need for competitiveness reforms in the EU and Hungary’s role in the changes
The European Union faces significant competitive challenges, needing reforms as…
Read more >Hungarian agricultural exports increased dynamically in the first half of the year
The measures taken to renew the Hungarian agriculture and food…
Read more >Butter thefts continue as a result of price increases
The Russian economy faces serious challenges as inflation accelerates and…
Read more >Related news
The autumn started weakly in retail trade
Retail performance in September started off weaker compared to August,…
Read more >Amazon uses AI to scan products for defects before delivery
Amazon uses AI to detect faulty products before they are…
Read more >Consumers are skeptical about the sustainability of companies
Since 2022, the maturity of companies in the field of…
Read more >