(MENAFN- IANS)
Budapest, Sep 26 (IANS) Sanctions on Russia are causing damage to Europe and it is a ‘complete failure,’ said Hungarian Minister of Foreign Affairs and Trade, Peter Szijjarto in Budapest.
As a result of the EU sanctions imposed so far due to the Russia-Ukraine conflict, European inflation is skyrocketing, utility costs, natural gas prices, and food prices have risen, and the continent’s economy has entered recession, Szijjarto told public radio channel MR1 on Sunday.
‘This was a complete failure, as it is now clear that these sanctions have hurt Europe much more than Russia itself and are causing enormous damage to the EU’s economy,’ he added.
Szijjarto labelled a potential eighth sanction package as a ‘wrong direction’ but noted that there are no final decisions on the matter yet, and not even a formal proposal has been prepared so…
