Speaking at the weekly presser, Gergely Gulyás, the minister heading the PM’s office, said that the Hungarian government will continue to support only those sanctions that do not hurt Hungary and Europe more than they hurt Russia. In the case of a gas embargo, Gulyás added, the supply of gas to all of Europe would be at risk.
Focusing on record-high inflation rates within the eurozone, Minister Gulyás said that energy prices have increased dramatically due to the war in Ukraine. “The closer you are to the war zone, the higher the inflation. War inflation will disappear only when there is peace,” he said.
The Hungarian government, however, is doing its utmost to combat rising inflation. Just yesterday, Prime Minister Orbán announced that Hungary would extend fuel and food price caps until October 1, with the moratorium on loan repayments and interest rate cap extended until December 31.