Orban: Ukraine crisis will weaken EU and benefit Russia, China and US oil companies

Hungarian Prime Minister Viktor Orban said Western sanctions failed to destabilize Russia and dealt a heavy blow to Europe itself.

  • Hungarian leader Viktor Orban at a press conference in Budapest on April 6 (Photo: ATTILA KISBENEDEK/AFP/Getty Images)

While the Ukraine crisis is likely to weaken Europe, it will be in the best interests of Russia and China, as well as major US oil companies, Hungarian Prime Minister Viktor Orban told the German magazine. Tichys Einblick Thursday.

The Prime Minister noted that the West cannot find a solution to the conflict by military means, while the sanctions have failed to destabilize Russia and have dealt a substantial blow to Europe itself. Orban also argued that there was no unanimous international support for the United States and Ukraine.

Read: Hungary urges EU to abandon sanctions policy and use diplomacy

“Much of the world absolutely does not fall behind [Washington and Kiev]including the Chinese, the Indians, the Brazilians, South Africa, the Arab world, Africa,” Orban told the magazine.

However, other energy-independent nations in particular will benefit from Europe’s weakened position, he added.

“The Russians take advantage of this. EU imports from Russia fell by a quarter and Gazprom’s revenues doubled. said, pointing to skyrocketing revenues from US oil and gas giants ExxonMobil, ConocoPhillips, and Chevron.

Orban warned that the outcome of the conflict in Ukraine could “put a definitive end to Western superiority”.

Orban: Europe “shoots itself in the lungs” with sanctions against Russia

Christi C. Elwood