And also because of the “approaching economic crisis” caused by the war and EU sanctions.
The Prime Minister of Hungary Viktor Orbán announced on the imposition of a state of emergency on the territory of its state from midnight on May 25 in connection with the war in Ukraine and the possible economic crisis caused by it. He made the remarks in a statement on Facebook, according to Hirado.
Orbán stressed that the EU's hostilities and sanctions against Russia “have led to a huge economic shock and a sharp rise in prices.” According to him, “the world is on the brink of economic crisis.”
The Prime Minister reiterated that Hungary should stay away from Russia's war against Ukraine and protect the financial security of its own citizens. According to him, this requires room for maneuver and immediate action.
Read also: Hungarian Prime Minister Viktor Orbán “leads the EU by the nose” – Vice President of the European Parliament
“The government is declaring martial law today at midnight, exercising its right under the Basic Law. Like the state of emergency imposed during the epidemic, it will allow the government to respond immediately and protect Hungary and the Hungarian people by all possible means, “Orban said.
The first government decisions will be announced on May 25.
< Earlier, Hungarian Foreign Minister Peter Siyyarto said that in case of abandonment of Russian oil, his country will need to modernize the energy system, which will cost 15-18 billion euros .
See the special topic: More than 15,000 Ukrainians have already received state awards – Zelensky The President summed up the results of three months of opposition to the Russian invasion. The Ministry of Finance has placed 12.6 billion in military bonds. This is almost twice as much as last week. Ukrainian military completely defeated the “advanced” 58th Army of the Russian Federation – interception by the SBU The occupier said that in some other companies there were almost no soldiers left. Russian oligarchs offer to pay off sanctions by giving their billions to Ukraine The controversial proposal was voiced at the last meeting of G7 finance ministers. The European Commission intends to simplify the confiscation of Russian assets – Reuters In particular, to make the seizure of assets possible when they are transferred to third parties.
