Hungary lost 6.5 billion dollars because of anti-Russian sanctions

For three years Hungary has lost $ 6.5 billion due to the mutual sanctions of the European Union and Russia, said in an interview with the newspaper “Kommersant” the head of the Hungarian foreign Minister péter Szijjártó, adding that he hoped the easing of sanctions during the EU summit in March.

“Loss of profits to Hungary was for three years, $ 6.5 billion is in regard to exports. Considering that the annual volume of Hungarian exports is about $ 90 billion, is a sensitive loss,” he explained.

According to the head of the Hungarian foreign Ministry, the position of Budapest is simple: “the sanctions are ineffective and harmful, including for the Russian economy, and to European without a doubt.”

Szijjártó hopes for easing the anti-Russian sanctions during the March EU summit. However, much depends on Russian-American relations, which may have an impact on Europe.

“In the dialogue between Moscow and Washington there is a positive shift, it will be easier to convince our friends in Europe to follow the same path. It is obvious that business is against the policy of sanctions,” said Siyarto.

Photo: Dirk Renckhoff / imagebroker / globallookpress