Fri Sep 20 14:06:06 UTC 2024: ## Hungary Defies Allies, Embraces Russia with Business Forum

**Budapest, Hungary** – Despite condemnation from its European Union and NATO allies, Hungary hosted a major Russian business forum on Friday, showcasing its strong economic ties with Moscow.

Hungarian Prime Minister Viktor Orban, who currently holds the rotating EU presidency, has repeatedly emphasized his commitment to developing these ties, even while acknowledging the sanctions imposed on Russia. Foreign Minister Peter Szijjarto, speaking at a briefing with Russian Health Minister Mikhail Murashko, emphasized that Hungary is not ashamed of its business dealings with Russia and even plans to further facilitate trade between the two countries.

“The whole of Europe is doing business with Russia, though some of them are trying to deny that,” Szijjarto said. “The difference is we don’t see a need to hide it.”

The forum brought together nearly 80 Russian and Hungarian companies, with major Hungarian firms like OTP Bank, Mol oil company, and Gedeon Richter pharmaceuticals actively involved in the Russian market.

Hungary’s close ties with Russia have been a source of friction within the EU and NATO. In July, Orban sparked international controversy when he traveled to Moscow to meet with President Vladimir Putin on a self-proclaimed “peace mission.” Szijjarto has also made frequent visits to Russia, forging strong relationships with energy giants Rosatom and Gazprom.

Hungary’s defiance of its allies, particularly in light of Russia’s war in Ukraine, has raised eyebrows and concerns within the international community. The country’s stance continues to highlight the complex dynamics within Europe, where economic interests often clash with political and geopolitical considerations.

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