Criticism of the EU decision
The Prime Minister of Hungary, Viktor Orban, criticized the European Union's decision to indefinitely freeze Russian assets, indicating the possible consequences for Europe and expressing concerns regarding national reserves. According to Orban, this decision is
“a declaration of war”and could pose a threat to the financial stability of European countries.
Speech at the anti-war rally
While speaking at the 'anti-war rally' in the city of Mohacs, Orban noted that the seizure of hundreds of billions of assets from another state has never gone unanswered in history. He also emphasized that the illusion of the rule of law in Brussels has
“dissipated”. The Prime Minister stressed that Hungary's national reserves are located in the same places as Russian assets, specifically in Belgian banks. If the European Union manages to access these funds, it could raise serious questions about their reliability.
Orban also expressed concerns that other countries might refuse to keep their money in euros. This could lead to changes in the financial architecture of Europe, especially considering the upcoming parliamentary elections in Hungary, which will take place in April 2026. The EU's decision to freeze Russian assets was made so that Hungary and Slovakia would not block their use for Ukraine.
This situation highlights the growing tension among EU member states in response to Russia's actions and their consequences for the region's financial stability. Orban's statements reflect the concerns of some governments regarding the consequences of sanctions policy and potential moves away from the euro, which could have long-term implications for the European economy. In light of the upcoming elections in Hungary, this topic could become significant in the country's political discourse.