Russian gas embargo would destroy European economy, Orban says


Reuters | Budapest | Updated: 10-06-2022 11:31 IST | Created: 10-06-2022 11:22 IST
Russian gas embargo would destroy European economy, Orban says
Viktor Orban Image Credit: Flickr
  • Country:
  • Hungary

A European Union embargo on Russian gas imports would destroy the European economy, already grappling with surging inflation due to higher energy prices, Hungarian Prime Minister Viktor Orban said on Friday.

Orban also told public radio that without price caps in place on fuels, some basic foods and retail energy, Hungarian inflation, which accelerated to 10.7% in May, would be running at 15% to 16%.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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