Hungary did not support the use of Russian frozen assets

Hungary did not support the use of frozen Russian assets by the European Union (EU) after receiving a warning about retaliatory measures. This was announced on October 23 by Hungarian Prime Minister Viktor Orban.

"Hungary's basic economic interest is not to support this and not to fall under the Russian countermeasures, which may affect large Hungarian companies in Russia," he said.

Orban clarified that he had previously clarified in writing with Russian President Vladimir Putin about the possibility of countermeasures in the event of confiscation and received a response that such measures would be taken, and their application depended on whether the country supported the EU decision.

The Prime Minister also stated that he considers the confiscation of Russian assets to be embezzlement and does not support this.

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Russian Foreign Ministry spokeswoman Maria Zakharova said on October 23 that any actions by the European Union to confiscate Russian assets would be negligible and would entail a painful response. According to her, the Russian Federation will act within the framework of the principle of reciprocity in international relations, based on its own interests.

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