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Daily News Hungary Daily News Hungary · 09/06/2022
· Business

Szijjártó: Realities must be taken into consideration when making responses

economy Foreign Affairs Ministry of Hungary Hungarian economy Hungary OECD

Photo: https://www.facebook.com/szijjarto.peter.official

A clear standpoint must be represented in respect of the war in Ukraine, but realities must be taken into consideration when making responses, as energy shortages can cause serious economic damage, Foreign Minister Péter Szijjártó said on Thursday.

Szijjártő told a meeting of the Organisation for Economic Co-operation and Development (OECD) in Paris that preparations should be made for a difficult economic situation as a result of Russia’s aggression in Ukraine, the ministry said.

In the coming months, all measures that place further burdens on the economy and ordinary people must be avoided, the minister said.

Countries not responsible for the war should not be forced to pay its price,

he added. Under current circumstances, all types of tax increase must be avoided, Szijjártó said. The green transition must not be neglected, but in the current circumstances it would be an “insane idea” to increase burdens such as introducing a carbon tax on drivers of conventional cars, he added.

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Szijjártó also said that when sanctions and further response measures are planned, additional price increases must be avoided so as to keep inflation under control.

Restrictions must not endanger secure energy supplies to European countries,

he added. “While we must certainly represent a clear position in terms of geopolitical issues and the Ukraine war, realities must also be taken into consideration, namely that for a great many European countries energy supplies are determined by infrastructure and geographical endowments,” he said.

Geographical endowments are impossible to change and making changes to infrastructure takes a long time, he added.

“An energy shortage would kill our economies, and I believe this must not be our aim,”

Szijjártó said.

Putin Russia Viktor Orbán
Read alsoPutin’s popularity has fallen dramatically in Hungary

Source: MTI

economy Foreign Affairs Ministry of Hungary Hungarian economy Hungary OECD
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