Hungarian Prime Minister Viktor Orban, a populist dubbed "little Putin" by his opponents, has been critical of the US and of EU sanctions imposed on Russia for its actions in Ukraine.
Speaking ahead of Putin's visit, Hungarian Foreign Minister Peter Szijjarto said the EU sanctions against Russia have failed to achieve their objective and have cost Hungary some USD 6.7 billion in export opportunities.
He also noted what he described as the previous US administration's pressure on Hungary to prevent it from warming up to Moscow.
US President Donald Trump has promised to mend ties with Russia, which have sunk to post-Cold War lows over the Ukrainian crisis, the war in Syria and allegations of Russia's meddling in the 2016 US election.
For the first time since his inauguration, Trump on Saturday had a phone call with Putin, which both the White House and the Kremlin described in strongly positive terms.
"If American pressure has been taken off European countries in terms of the sanctions and there seems to be a good chance for this I believe all of those who emphasized pragmatic relations and talked about the need to reevaluate the sanctions will be more courageous and that will be a new basis for debate," Szijjarto said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
