Despite BRICS countries’ impressive recent expansion and acquired regional and international leverage both economically and politically, the US dollar’s position as the global reserve currency seems unshakable at present…Upon examining the situation globally, it can be observed that 90 per cent of all foreign exchange transactions in the world were conducted with the help of the US dollar.
While the prospect of North Korean soldiers arriving at the front lines is alarming, there are already many foreign mercenaries fighting on the Russian side in Ukraine. Moscow has trained mercenaries near Aleppo, with at least 100 Syrians believed to have joined the Russian army. A couple of months ago, the government of Nepal has demanded the Kremlin stop recruiting Nepalese into its military. Since the Crocus City Hall terror attack in Moscow, the Kremlin has also been recruiting Central Asian migrants, presenting them with the option of either serving in Ukraine or being deported back to their countries.
Hungarian Prime Minister Viktor Orbán is scheduled to meet French President Emmanuel Macron on Tuesday evening in Paris, where the two leaders will discuss important issues concerning the future of the EU. The meeting serves as another rebuttal to EPP Leader Manfred Weber’s false claim regarding Hungary’s isolation in the European political arena.
Volodymyr Zelenskyy has asked the European Council for nothing less than nuclear weapons or a NATO membership. The Ukrainian president presented his five-point ‘victory plan’ to EU leaders on Thursday, which is more of a wish list than an actual plan. Hungarian Prime Minister Viktor Orbán called it a ‘lose-lose situation’ and firmly stated that Hungary will not participate in it.
‘Donald Trump’s ‘‘peace through strength’’ strategy had given the impression that he was stronger than his opponent in foreign policy, especially since no new wars were initiated under his presidential term. Harris, on the other hand, has been desperately attempting to prove that she can offer the kind of muscular leadership expected by Americans from their commander in chief.’
‘Disillusionment in the West with Ukraine’s performance and ability to win the war has been rising for over a year. While a lot was expected from last year’s Ukrainian counter offensive, it ended up recapturing less than half the land Russia took in 2023. This year’s balance is not much better. Albeit it is true that Ukraine made an extravagant capture of lands in Kursk, on its own sovereign lands it claimed few to no successes.’
‘Ukraine is losing this war, indeed has likely lost it, and Washington is looking for a scapegoat for its colossal strategic failure. Viktor Orbán, who was right about this war from the beginning, is that scapegoat. If Harris wins in November, we can expect a narrative coming out of Washington saying that Ukraine and its allies would have prevailed if it had not been for Hungary stabbing Ukraine in the back.’
A key factor in the European Union’s courting of new partners will be how it balances its ideological inclinations and the necessity of compromise for meeting its needs. The break from Russian sources has been seen by some as an opportunity to accelerate the conversion of the continent into a green energy-powered utopia.
‘Since the start of the war, 8 million Ukrainians have fled their country; another 3 million have emigrated to Russia. Aside the mass defections, because of Ukraine’s birth rate collapse to the lowest recorded level, Zelenskyy has been unwilling to mobilize men aged between 18 and 25—typically the bulk of any fighting force. The fear is that, since most of these men are childless, should such die or become incapacitated, future demographic prospects would dim further.’
The Socialist Sánchez government in Spain vetoed the Hungarian consortium Ganz-MÁVAG Europe’s acquisition of the Spanish train manufacturer Talgo. Their concern was the supposed close ties between Budapest and Moscow, fearing that the Hungarian company may share trade secrets with the Russians.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.
