As the war between Russia and Ukraine goes on, the Hungarian currency starts the new week where it left off last Friday: hitting new historic low against all major currencies.Continue reading
Hungary’s currency has become a victim of Brussels’s sanctions, which have caused substantial damage to the Hungarian economy, Finance Minister Mihály Varga said on Monday.
Mulling a decision to extend sanctions to the energy sector poses the gravest danger to the forint and to the Hungarian people, the minister said in a video posted on Facebook.
Those who advocate extending the sanctions want Hungarians to pay the price of war, he said.
“The Hungarian government will not support a move like this at any international forum,” the minister said.
Featured photo via Mihály Varga’s Facebook page