Budapest • Hungary's prime minister said the West is "shooting itself in the foot" with inadequately thought through economic sanctions against Russia.
Prime Minister Viktor Orban said Friday that the European Union's sanctions policy needed to be reassessed and that Russia's response was hurting Hungary's export-based economy. Orban said he was looking for allies within the bloc to change the policy.
Hungary has warned that its agricultural sector will incur annual losses of $107 million as a result of Russia's retaliatory measures that ban food imports from those countries that have imposed sanctions. Orban said EU compensation was needed to cover the shortfall.