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EC Attacks 'Bomb Campaign' in Hungary

• 20 Oct 2022 7:24 AM
• Hungary Around the Clock

European Commission spokeswoman Dana Spinant said regarding the government’s ad campaign for the national consultation that “it is not right” to depict the sanctions against Russia as bombs because “the aim of the sanctions is precisely to stop Russia from bombing Ukraine”.

She added that the Hungarian cabinet takes part in all EU sanctions-related decisions.

The war launched by Russia against Ukraine and Vladimir Putin’s manipulation of the energy markets before the war are the cause of the energy crisis, she said, adding that the Russian president is now attempting to blackmail the EU.

Spinant provided data to refute the Hungarian government’s claims that the sanctions harm Europe more than Russia.

While GDP is still growing in the EU, it is expected to drop by 11% in Russia this year, while Russian inflation at 22% is twice as high as the EU figure, she noted.

Russian sectors that require advanced technologies are grappling with supply problems, said Spinant, as they depend on the EU for 45% of their supply and the US for 21%, while the share of Chinese suppliers that can be mobilised is only 11%. And since the EU has already embargoed Russian coal imports, production is down 97% from a year ago.

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