Hungarian Foreign Minister Péter Szijarto called the European Union's anti-Russian sanctions invalid and called for the resignation of EU leaders who advocated restrictions. The Ukrainian Foreign Ministry released figures showing the losses of the Russian economy from EU sanctions.
According to Magyar Hirlap, Siyarto said that not the Russian, but the European economy is heading for a recession.
According to the Hungarian minister, the EU leaders who lobbied for sanctions against the Russian Federation should resign.
He added that the EU wants new sanctions "to somehow justify its own erroneous decisions that are harmful, because to say that sanctions are a dead end would be to scream about responsibility."
In response to Szijarto's statement, Ukrainian Foreign Ministry spokesman Oleg Nikolenko released figures from the Council of the EU, the World Bank and the IMF, indicating the losses to the Russian economy from sanctions:
- Fall in GDP from 5.5 to 9%;
- Reducing the size of trade in products and services by 30-35%;
- Reducing oil exports to the EU by 90% by the end of the year;
- The exit of almost 1,000 foreign companies, which accounted for 40% of GDP;
- Inflation at 22%;
- Inability to import technologies and components;
- Rapid decline in production;
- Depreciation of the capital market.
According to Nikolenko, statements that European sanctions do not affect the Russian economy are not true - the Russian economy rolled back thirty years.