The head of Hungarian diplomacy pointed out that the Hungarian economy loses 300 thousand euros per day due to the sanctions against Russia, while there are no signs that the anti-Russian measures helped resolving the Ukrainian crises; but exactly the opposite has been happening hostilities have flared up and we are further away from solving the crisis than ever before. Europe is suffering as its economies suffer (due to sanctions) and you can see that the policy of sanctions in a long-run work against European interests.
"Europe has lost it competitive edge since the 2008 economic crisis; strategic partnership with Russia is the only way to recover at least a part of what has been lost" said Szijjártó. He reminded the possible beneficial effects of cooperating with Russia the country that is extremely rich in natural resources; combining this with European high technology could produce a win-win situation for all participating countries. Events in Ukraine and the sanctions combined work against the interests of all European countries said the foreign minister.
Regarding energy security, Szijjártó stressed that Hungary is committed to the construction of the South Stream gas pipeline even if this is not a definitive answer to solve the long term energy security of the country. The real solution would have been the Nabucco gas pipeline, but since the European Union scrapped the project no other option has left, but the South Stream gas pipeline.
(magyarhirlap.hu – hungarianambiance.com)