Orbán: Sanctions against Russia best avoided

Recycling

Economic sanctions against Russia would “best be avoided” because these are neither in the interest of Europe nor Hungary, Prime Minister Viktor Orbán said in an interview in business daily Világgazdaság on Friday. 

Asked whether the Crimea crisis could influence the expansion of Hungary’s sole nuclear power plant, for which the country is taking out a big loan from Russia, Orbán replied: “It has not exercised influence yet, and we would like it to stay this way.”

Continued the PM: “The European Union has decided to use a three-step system of sanctions. Now we are in the second step, which involves freezing political relations and declaring certain individuals undesirable. The third step is economic sanctions, which would best be avoided, as this is not in Europe’s interest, and especially not in Hungary’s.”

Russia earlier agreed to lend Hungary the €10 billion to build two blocks at the Paks nuclear power plant, covering 80% of the cost. Russian state-owned Rosatom is the general contractor for the blocks.

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