Hungary's 'Economic Neutrality' Stirs Global Tensions

Ambassadors from NATO members met in Budapest to discuss Hungary's 'economic neutrality' policy amid its ties with Russia and China. This policy, championed by Prime Minister Viktor Orban, poses security challenges for the U.S. and European allies, especially as Hungary seeks Chinese investments and maintains relations with Moscow.


Devdiscourse News Desk | Budapest | Updated: 30-10-2024 19:18 IST | Created: 30-10-2024 19:18 IST
Hungary's 'Economic Neutrality' Stirs Global Tensions
  • Country:
  • Hungary

NATO ambassadors in Budapest gathered at the U.S. embassy to scrutinize Hungary's 'economic neutrality' policy. The initiative draws concern due to Hungary's relations with Russia and China, a situation highlighted by upcoming talks involving Hungarian and Russian officials in Minsk.

Prime Minister Viktor Orban's strategy focuses on attracting Chinese manufacturing while maintaining trade with both Russia and Western allies. Despite EU efforts to isolate Russia, Orban insists Hungary will not align strictly with any bloc, emphasizing 'economic neutrality'.

Ambassador David Pressman noted the potential security risks of Hungary's policy, echoing broader NATO concerns. Meanwhile, critical voices from Germany and the EU reflect dissatisfaction with Hungary's diplomatic engagements that undermine Western unity.

(With inputs from agencies.)

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