With increasing international pressure, Ukraine is set to abandon its list of ‘international sponsors of the war’. For a significant period, this list featured the largest Hungarian bank, OTP, leading to considerable tension between Hungary and Ukraine.
It seems that even the most vocal supporters of energy sanctions do not want to give up Russian gas at all cost, which has led to some unusual but rather obvious solutions. Today, fossil fuels from Russia are being transported via proxies to pro-sanctions Western Europe. Also, despite loud promises, the vast majority of Western companies operating in Russia have not left the country at all, at least according to a Swiss study from 2022.
Hungarian Conservative is a quarterly magazine on contemporary political, philosophical and cultural issues from a conservative perspective.