Hungarian Foreign Minister: anti-Russian sanctions lead Europe “to a dead end”
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Sanctions against Russia are leading Europe “to a dead end,” said Hungarian Foreign and Trade Minister Péter Szijjártó. Another package of anti-Russian sanctions would be a “huge mistake,” he said.
“As for sanctions, it has been proven that they lead Europe to a dead end. In terms of economics, politics and security. It would be a huge mistake to propose a new sanctions package… We hope that we will not rush further into a dead end,” wrote Minister in the social network (quoted by RIA Novosti).
January 17 President of the European Commission (EC) Ursula von der Leyen statedthat the European Union intends to adopt the tenth package of sanctions against Russia. It will be aimed at correcting the shortcomings made in the development of previous packages. Speaking at the World Economic Forum (WEF) in Davos, head of the EC named The purpose of EU sanctions is to plunge the Russian economy into recession for a long time.
Later high-ranking European source informed RIA Novosti that there is no date for the adoption of the tenth package of EU sanctions against Russia at the moment. Now the European Union is focused on implementing and preventing circumvention of existing restrictions, he added. At the same time, the interlocutor expressed confidence that the European Union has “ideas” regarding new sanctions against Russia. He did not comment on which sectors will be affected by the new restrictions.
Against the backdrop of the start of Russia’s special operation in Ukraine, the EU has already adopted nine packages of sanctions against the Russian Federation. Restrictions have affected many sectors of the economy, including energy, high-tech sector, aviation, banking, mining, automotive, etc.
December 16, 2022 EU accepted the ninth package of sanctions against the Russian Federation. The restrictions affected Russian banks, the export of dual-use goods and technologies, and a ban was introduced on investments in the energy and mining sectors of Russia.
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