Budapest: A war economy could invade Europe in early October if the European Union does not review its sanctions policies, according to Hungarian Prime Minister Viktor Orban. “The strategy that served as the cornerstone of our behavior has deteriorated, failed, and completely disappeared.

In October, we should be ready for a military economy across Europe if Brussels takes its approach. Doesn't change. Delivery of weapons and sanctions is useless. Flamethrowers are usually not extinguished," Orban spoke on the radio in Kosuth.

According to the prime minister, the new strategy should focus on dialogue between Russia and the United States, the main donors of the conflict.

Additionally, Orban said Hungary expects to receive an additional 700 million cubic meters of Russian gas this summer.

A set of seven measures containing a nationwide state of emergency in the energy sector was announced by the Hungarian government in late May. These include increasing gas production from 1.5 billion to 2 billion cubic meters, ensuring an additional 700 million cubic meters of gas to fill storage facilities, prohibiting exports of energy and firewood, increasing coal production, revamping Matra coal power plant units. Speeding up is involved. Expanding Pak nuclear power plant operations, and reducing the preferential utility payment program.

As part of a global trend, energy prices in Europe have been rising since 2021. Inflation has accelerated and fuel prices have been rising sharply since the start of Russia's operations in Ukraine and the adoption of several packages of sanctions against Moscow in the West. Prices rose to $2,500 per 1,000 on Wednesday, after Gazprom announced its plans to limit supply through a critical gas pipeline to 33 million cubic meters per day, or 20% of the pipeline's nominal capacity, starting July 27. Cubic metres.

Following requests for assistance from the seceded republics of Donetsk and Lugansk to defend itself against Ukrainian forces, Russia launched a military operation in Ukraine on 24 February. In retaliation, the West imposed sweeping sanctions on Russia and increased military aid - including lethal weapons. Ukraine. The European Union pledged to distance itself from Russian gas supplies and has already approved seven packages of sanctions against Moscow.

Western sanctions on Russia have caused significant supply chain disruptions around the world, affected agricultural exports, increased inflation, and put the world at risk of major food and energy crises.

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