Budapest, Jan 27 (AP) The European Union’s economic sanctions against Russia have failed economically and politically because they have not achieved their objectives, Hungary’s foreign minister said today.
Foreign Minister Peter Szijjarto said Hungary had lost some USD 6.5 billion in export opportunities to Russia and other countries partly because of the sanctions the EU imposed on Russia over the annexation of Crimea and its role in eastern Ukraine.
“I don’t think we should celebrate that we hit the Russian economy because it’s bad news for Europe as well,” Szijjarto said. If the sanctions were truly effective, they should have had some …read more
Source: India.com
