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Coop With Russia In Hungary’s Economic & Security Interest

• 19 Sep 2018 6:28 AM
• Hungary Matters

Cooperation with Russia is in Hungary’s economic and national security interests, Foreign Minister Péter Szijjártó told public media in Moscow, ahead of a meeting between Hungarian Prime Minister Viktor Orbán and Russian President Vladimir Putin.

“Hungary has always had an interest in pursuing pragmatic cooperation with Russia, based on mutual respect and common sense,” he said.

A large portion of Hungary’s energy supply comes from Russia, he noted. “We in central Europe know that dialogue is ... necessary, and cooperation must be based on trust,” he said. Outlined his talks in Moscow yesterday, Szijjártó said a cooperation and development pact that served Hungary’s best interests was on the agenda.

The launch of a flight between Budapest and Kazan, the third between Hungary and Russia, is within reach, he said. Hungary is also set to increase its role in Moscow’s International Investment Bank, which already handles Hungarian projects worth 70 million euros, he said. Talks are under way on Hungary buying about 4.1 billion cubic meters of natural gas from Russian energy giant Gazprom to cover the country’s energy needs in 2020, he said.

Also, Budapest’s water company will receive commissions for value-added projects on the Russian market, he said. Szijjártó on Monday met Russian Minister of Trade and Industry Denis Manturov, Minister of Health Veronika Skvortsova, Nikolai Fyodorov, the first deputy chairman of the Federation Council, Deputy Finance Minister Sergei Storchak and Gazprom CEO Alexey Miller.

MTI Photo Foreign Ministy

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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