Orbán Warns 'Sanctions Surcharge' Could Become Economic Fixture 

EU

photocosmos1 / Shutterstock.com

Hungarian Prime Minister Viktor Orbán said that a "sanctions surcharge" Europeans are paying on energy could be "built-in" to the economy if European Union policies concerning punitive measures against Russia are not changed in a weekly interview broadcast on public radio on Friday.

Orbán told Kossuth Rádió that a National Consultation on Brussels' sanctions policy cleared by the government days earlier would give Hungarians a chance to air their opinions and establish a consensus.

"We need to voice our opinions, because if the sanctions policy is not changed, the sanctions surcharge that we're paying today, which is a temporary thing, will be built into the economy and will remain with us for the long term," he said.

"If we don't protest, if we don't get Brussels to change the sanctions policy...the sanctions surcharge will become a fact of life for the coming 5-10 years," he added.

Orbán said a summit of EU leaders in Prague in a week offers a chance for decision-makers to "see mistakes" and "revise" earlier measures.

He noted that government support to keep the regulated system of household energy prices in place now adds up to a monthly HUF 181,000 per family. He said that the system will "certainly" remain in place this year, adding that there are "high hopes" of its continuation in 2023, too, although "we must work very hard" for that.

ADVERTISEMENT

MNB Int'l Reserves Rise EUR 633 mln in November MNB

MNB Int'l Reserves Rise EUR 633 mln in November

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Number of Job Adverts up Minimally HR

Number of Job Adverts up Minimally

Tourism Nights Down 0.2% y.o.y. in October Tourism

Tourism Nights Down 0.2% y.o.y. in October

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.