Hungary on Russian Government’s List of “Unfriendly Countries”

Hungary Today 2022.03.08.

The Government of the Russian Federation has put Hungary on the list of foreign states and territories that “commit unfriendly actions against Russia, its companies, and citizens,” Russian News Agency TASS reported.

The countries and territories mentioned in the list imposed or joined the sanctions against Russia inflicted in reaction to the military attack against Ukraine.

Hungary has made it on the list as part of the European Union.

Fact

The record also includes the United States, Canada, the UK, Ukraine, Montenegro, Switzerland, Albania, Andorra, Iceland, Liechtenstein, Monaco, Norway, San Marino, North Macedonia, Japan, South Korea, Australia, Micronesia, New Zealand, Singapore, and Taiwan.

The Russian government noted that according to this decree, Russian citizens and companies, the state itself, its regions, and municipalities that have foreign exchange obligations to foreign creditors from the list of unfriendly countries will be able to pay them in Russian rubles. The new temporary procedure applies to payments exceeding 10 million rubles per month (or a similar amount in foreign currency).

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According to the government decree, the government allows the transfer of military equipment and weapons to other NATO member states for the Ukrainian armed forces through Hungary, but not the direct transfer of the same equipment across the Hungarian-Ukrainian border, either by land or air.Continue reading

In addition, Russian residents’ deals with securities or real estate, or provision of ruble loans involving entities from countries unfriendly to Russia also require special authorization from Russia’s government commission in charge of foreign investment.

Featured photo illustration by Zsolt Szigetváry/MTI