The Hungarian government has declared a state of emergency in the country since Wednesday due to the war in Ukraine, Prime Minister Viktor Orban said in a Facebook video, noting that his cabinet needs room for maneuver to respond quickly to the challenges.
Orban, who won a fourth consecutive term in the April 3 election, has used the emergency measure in the past, once because of the immigration crisis and later during the Covid-19 pandemic.
“People are on the brink of an economic crisis,” he said, adding that his government “needs room for maneuver to act quickly.”
The approval of the state of emergency authorizes the Orban government to adopt swift measures, by decree.
Earlier in the day, a letter from the Hungarian prime minister to the president of the European Council was released stating that proposed new EU sanctions against Russia, including the oil embargo, should not be discussed at the European leaders’ summit. blocks next week.
Hungary, which is heavily dependent on Russian oil, has said it will need about 750m euros in short-term investment to upgrade its refineries and expand a pipeline carrying oil from Croatia.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.