Hungary’s foreign minister says Brussels has failed on Russia sanctions

Hungary’s foreign minister strongly criticized the European Union’s sanctions against Russia, arguing they have damaged its members’ economies more than their target’s as well as failing to stop the war in Ukraine.

“If we make an assessment, an analysis, about the impact of sanctions, it’s obvious that they have not fulfilled expectations,” Péter Szijjártó told CNBC’s Geoff Cutmore at the World Economic Forum in Davos.

“So if you look at it in a practical way, not in an ideological way, what was the impact of sanctions, you see they are more harmful to Europe than Russia. So we should not more forward with the sanctions because simply they have not fulfilled the expectations and target we have put on them.”

Source: CNBC