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Again, it turned out that the sanctions policy is a mistake
“The Russians are playing the same game with liquefied gas (LNG) as before with oil,” Olivér Hortay has drawn attention to the developments on his social media page, reports Magyar Nemzet. The head of the policy department pointed out climate and energy Századvég, even before the European Union adopted the fourteenth package of sanctions – which also covers the re-export of LNG – Russia started building a shadow fleet and established insurance companies That is, it created the ability to redirect loads. According to the expert, the punitive measure did not “cut the Russians to the ground”.
Olivér Hortay quoted Albert Einstein, who said that doing the same thing over and over again, but expecting different results, is a sign of madness. According to the business manager, the question arises as to how many more failures are needed for Brussels to admit that the sanctions policy is wrong.
Ukraine suspends repayment of foreign debt
On Wednesday, Ukrainian President Volodymyr Zelensky signed a decision that allowed to suspend the repayment of foreign debt from August 1 to October 1.
Earlier this month, Ukraine announced that an agreement had been reached with a group of bondholders on the rescheduling of nearly $20 billion in foreign debt. Then on July 22, they announced the provisionally approved restructuring agreement, which is expected to be formally approved by bondholders in the coming weeks.
Based on the decision signed on Wednesday, Ukraine will not pay the 34 million dollar interest coupon of the Eurobond due on August 1, 2026. The loan agreement provides a 10-day grace period for all interest payments due, but the government has indicated that it will not pay.
Hungary helps
6,881 people entered Hungary on the Ukrainian-Hungarian border section on Wednesday, while 7,105 of those who entered the Romanian-Hungarian border section said they came from Ukraine, the Police Headquarters said National (ORFK) to MTI on Thursday.
Among those admitted, the police issued a temporary residence certificate to 101 people, which is valid for 30 days.
During this time, they must visit the office of the Director General of National Immigration, which is possible depending on the place of residence, to obtain the final documents, the news says.
Here’s what happened on Wednesday:
