Subscribe to our social channels to get the latest news about Hungary!
DE
Orbán’s speech in parliament: debate on Ukraine, Russian energy sources instead of American ones, EU vetoes and domestic measures
Change language:
Viktor Orbán’s speech before the agenda began the spring session of parliament. In keeping with tradition, the Prime Minister outlined the government decisions taken between the two sessions, with a particular focus on the welfare measures that came into effect in January. He also assessed current foreign and domestic political events, with particular regard to energy security and the war situation, as well as the challenges facing our country.
The Hungarian PM said the government will not deviate from its programme under any threat and will act “exclusively in the interests of the Hungarian people,” adding: “We insist on our independence and sovereignty.”
Orbán: Ukraine must guarantee energy transit under its EU agreement
Orbán argued that Ukraine signed an association agreement with the European Union in 2014 and undertook that energy transit passing through Ukraine to EU member states would be “inviolable”. He said Ukraine is therefore obliged to ensure Hungary’s oil supply under the EU association agreement and “must not use it as a political weapon”. He described what Ukraine is doing as a “clear breach” of the agreement.
Orbán accuses Brussels of siding with Ukraine
The prime minister said Brussels’ behaviour is “at least ambiguous”, claiming the EU treaty makes it the EU’s duty to assist a member state whose interests are harmed by a third party. He added that despite Hungary and Brussels disagreeing on the war, financing Ukraine and Ukraine’s EU membership, Brussels “must represent Hungary’s interests” in the current situation. Orbán said that failing to do so is a serious breach of treaty obligations “to Hungary’s detriment”.
He concluded that Brussels has sided with Ukraine “instead of the member state Hungary”, and claimed Brussels has formed an alliance with Kyiv.
Orbán: “open interference” in Hungarian elections
Orbán said Brussels and Kyiv agree that as long as a “national government” leads Hungary, they cannot implement their plans. He claimed this is happening 50 days before the election, calling it “open interference” in Hungary’s elections, and said he assumes the goal is to alter the balance of power in line with Brussels’ and Kyiv’s intentions. He added:
“I would like to remind everyone that in Hungary, the Hungarian people will decide in this matter.”
“Open intervention” in the Hungarian elections by the US as well? As we wrote earlier, President Trump also referred to Hungary’s upcoming parliamentary elections and reiterated that he stands firmly behind Orbán.
Government actions: strategic reserves opened, supply secured
Orbán said the government has handled what he called the emergency caused by the Ukrainians. He said strategic oil reserves were opened and the country’s energy supply was secured.
He argued that people can now “experience” what separating from Russian energy would mean in practice: it would create an emergency and financially ruin hundreds of thousands of Hungarian families. He said petrol at HUF 1,000 per litre (about €2.63) and household utility bills rising several-fold would be unaffordable. (FX used for conversions: EUR 1 = HUF 379.90, Magyar Nemzeti Bank, 23 February 2026.)
Orbán added that large Western energy companies (naming American Shell) would profit, while Hungarians would suffer. He said that on Monday morning the price difference between Western and Russian oil was $13 per barrel.
He stated that anyone claiming that Hungary’s “utility cost cuts” policy can be maintained without Russian energy “is either a fool or lying”.
In Hungarian:
Retaliatory steps and vetoes announced
Speaking about government responses, Orbán said:
- In coordination with Slovakia, Hungary halted diesel shipments to Ukraine.
- Hungary vetoed the disbursement of a previously approved €90 billion payment to Ukraine (which he said had been decided earlier without Hungary’s participation and without burdening Hungary).
- The government also decided to veto the EU’s pending “20th war sanctions package”, and said Hungary’s position in Brussels is that as long as Ukraine does not allow Russian crude to reach Hungary, Hungary will block every Brussels decision supporting Ukraine.
If you missed today:
Orbán on war losses and EU spending
Orbán said that in the Russia–Ukraine war, 9,000 people are killed or become war-disabled each week, calling this an irreplaceable loss and an unimaginable tragedy.
He said the war consumes immense financial resources and claimed the European Union has spent around €200 billion on Ukraine so far. He said electricity and natural gas prices in Europe are three to four times US and Chinese prices, arguing Europe is undermining its own competitiveness.
He added that one million jobs have disappeared from European industry in recent years, with chemicals and the automotive sector suffering in particular, and said Europe’s interest is to end the war as soon as possible.
Four years after Vladimir Putin ordered an invasion of Ukraine, Russia’s economy has entered a “death zone,” writes Fortune. Fortune was published in 1930 by Time founder Henry Luce. Today, Fortune is considered the second-oldest business magazine in the USA, after Forbes. The magazine belongs to the media conglomerate Time Inc., a subsidiary of Time Warner. It is published every two weeks with a circulation of approximately 850,000 copies.
“The Russian economy is stuck in what can be called a negative equilibrium: it is supporting itself while gradually destroying its own future,” said Alexandra Prokopenko, a research fellow at the Carnegie Russia Eurasia Center and former adviser to the Central Bank of Russia.
The economy is not on the verge of immediate collapse, but GDP growth has stalled, oil revenues have halved amid Western sanctions, and the budget deficit is rapidly depleting reserves.
At the same time, two economic systems have emerged: one is the military and related industries prioritized by the Kremlin; the other is all other sectors. The Russian economy now operates on what might be called “military rent” – budget transfers to defense enterprises that generate wages and economic activity.
These funds, however, are diverted to assets destined for destruction. Money that keeps factories running goes to produce tanks, armored vehicles and other weapons that are subsequently destroyed or damaged and provide no basis for future economic growth.
Analogously, money spent to hire new military personnel does not increase their productivity in the civilian sector. Instead, many die or return with injuries. The Center for Strategic and International Studies estimates total Russian troop losses at 1.2 million, of which 325,000 are dead.
“The body is burning its own muscles for energy,” Prokopenko concluded.
Although the central bank has cut interest rates to support growth and the Kremlin is trying to rein in the budget deficit, the Russian economy’s problems are not being solved by monetary or fiscal policy. Interest payments on the national debt this year will already exceed total spending on education and health care.
Putin can’t just stop, though, because the economy is increasingly dependent on the defense sector, and demobilization could cause a crisis. Instead of ending the war, he continues it, waiting to see who fails first – Ukraine or its Western partners.
In recent months, concerns have been voiced inside Russia as well. According to The Washington Post, Russian officials have warned Putin of the risk of a financial crisis by summer. They point to weak oil revenues, which fell 50 percent in January from a year earlier, and a growing budget deficit – even after tax hikes.
One Moscow businessman said the crisis could come in “three to four months” amid accelerating inflation. Restaurants are closing and thousands of workers are being laid off, he said. Because of expensive credit and weak demand, companies are cutting hours or sending workers on unpaid vacations. Citizens are finding it increasingly difficult to service their loans, increasing risks for the banking system.
No one knows how the war will end, but are Orban and Fidesz even aware of the developments described above? They are aware, yes, but they no longer know how to credibly backtrack. Like the Russians, they have to continue writing their own narrative.
“Four years after Vladimir Putin ordered an invasion of Ukraine, Russia’s economy has entered a “death zone,” writes Fortune. Fortune was published in 1930 by Time founder Henry Luce.”
With respect, venerable old Western periodicals have been telling us that Russia in in economic death throes for nearly 4 years.
Either they are badly informed or just bold-faced lying about Russia’s economy.
I think it is the latter.
No, Russia is much stronger economically than they were before the war, as untold billions of Russian oligarch dollars have come home – something Putin said never would have happened without the help of The Western Elite trying to make Western Russia safe for Blackrock real estate and Homosexuality.
Russia’s economy is not only fine – it is better than it has been since the time of Alexander III.
Elvira Nabdiullina has seen to it.
She, the Russian Finance Minister, is Russia’s great ace.
my buddy makes 0ver $22164💸 a m0nth doing this and she c0nvinced me to try. Single M0m Reveals How She Earns 75k/Yr W0rking 10 Hrs/Week From H0me The p0ssibility with this is endless………………https://goto.now/QiHYA
Mouton wants us to believe that he is not a Russian BOT while every time Russia being criticized is like to cursed Mouton’s mother.
And every time you mention Putin like you mentioned his father!!! :DDDDDD
Only the West tells this story? I’m about to burst out laughing again! Don’t make too many jokes, my stomach muscles already hurt from laughing so much.
Two examples from Russia itself (i.e., not some evil foreign power):
1.
More than half of large companies in Russia ended 2025 with falling profits, cut back or completely froze investment projects, and many of them are preparing to lay off employees, the Russian Union of Industrialists and Entrepreneurs (RSPP)has warned.
According to an RSPP survey, last year only 19% of companies continued investments as usual. Every third (33%) reduced them “substantially”, the same number reduced them “slightly”, and 15% completely froze all projects.
Three quarters of the participants of the RSPP survey (72%) complained about the growth of accounts receivable, i.e. non-payment by counterparties. Moreover, state corporations are the first to fail to pay on contracts, the survey showed.
Sixty-two percent of civilian enterprises in 2025 saw their profits fall and the share of unprofitable companies grow, said RSPP Vice President Alexander Murychev. “There is a growing liquidity crisis and non-payments. There is a huge increase in costs. Given the fact that the situation on these indicators has been deteriorating throughout 2025 and continues to deteriorate this year, enterprises are also gradually depleting their own resources that could allow them to continue operations,” Murychev said.
Many city-forming enterprises, as well as enterprises in single-industry towns, have already transferred employees to part-time work, and in the second half of 2026, according to Murychev, will most likely be forced to start layoffs. “The only prospect visible today for many enterprises is the reduction of production, employees, and in the most critical situations, unfortunately, bankruptcy,” Murychev said.
According to Rosstat, in January-November last year, the balanced profit (profit minus losses) of Russian businesses fell by 5.5% to 25.43 trillion rubles. Oil and gas companies experienced a 55% collapse in profits, automakers – 4 times, and coal companies received a record in the history of the balanced loss – 334.9 billion rubles. Out of 28 industries, 21 ended the year in the negative. Of the 7 industries that showed growth, three were related to the defense industry.
The government forecasts that economic growth will accelerate from 1% to 1.3% this year. But in reality, the economy may fall into recession, said Oleg Vyugin, a professor at the economic sciences department of the Higher School of Economics. Russia enters 2026 with higher taxes and a high interest rate; added to this is the problem of under-recovery of oil and gas revenues due to the ruble exchange rate, export restrictions, and discounts to $29 a barrel, Vyugin lists.
2.
To continue its aggression against Ukraine, the Kremlin will have to take very risky steps: a new wave of mobilization and freezing the deposits of Russians. This will turn into a collapse for the Russian Federation. This opinion was expressed in his blog by Maxim Kalashnikov on Telegram, a well-known Russian Z-blogger, “angry patriot”.
He is sure that the mobilization of reservists, if the Kremlin decides to do so, will be followed by freezing of bank deposits in Russia. “The economy and the budget will suffer a blow of such force that there will be no other way out,” Z-Patriot wrote.
He is sure that both in Washington and Kiev are waiting with great anticipation for this to happen. This will allow them to dictate peace terms to the Kremlin. “The trap is closing. It is the war that has dragged on beyond measure that has become the main threat to the very existence of the current political system,” Kalashnikov wrote.
He stated that Russia’s top military and political commanders have proven incapable of waging modern wars against really strong opponents. “Helpless,” he said, the system is also helpless to put Russia’s economy and industry on a military footing.
Z-blogger compared the current Russian Federation to a zone that can only keep the prisoners inside under restraint, as its “towers and fortifications face inward.”
“Elvira Nabdiullina has seen to it. She, the Russian Finance Minister, is Russia’s great ace.”
Elvira Sakhipsadovna Nabiullina is a Russian economist, banker, and politician. From September 24, 2007, to May 12, 2012, she served as Russia’s Minister of Economic Development. Since June 2013, she has headed the Central Bank of Russia. However, she has never been Minister of Finance, as you claim.
You don’t even know the simplest things, yet you always have to chime in with your two cents!
And once again, I have to laugh out loud. So loudly, in fact, that my partner glanced anxiously into my office.
Slovak Prime Minister Robert Fico has announced the termination of electricity supplies to Ukraine in response to the suspension of Russian oil transit through the Druzhba pipeline. He said this in a video message on his Facebook page.
Before taking the measures Fico said he wanted to speak by phone with Ukrainian President Vladimir Zelensky. The prime minister had planned to discuss with him the likelihood and timing of resuming oil supplies to Slovakia, but received a message that Zelensky was “ready to talk only after February 25.”
“Given the gravity of the situation and the declared state of oil emergency in Slovakia, under the circumstances we are forced to resort to the first response measure immediately,” Fico said.
He stressed that the measure would be lifted after the resumption of oil supplies to Slovakia. “Otherwise, we will resort to further retaliatory measures,” the prime minister warned.
In connection with the situation, Fico held a meeting with the republic’s Finance Minister Ladislav Kamenický.
“I asked to stop emergency supplies of electricity to Ukraine. As of today, the rule is that if the Ukrainian side asks Slovakia for assistance in stabilizing the Ukrainian power grid, it will not receive such assistance. As I have already said, this is the first retaliatory step that the Slovak government is entitled to take without violating any international rules and obligations,” the prime minister said.
Didn’t the Hungarian Foreign Minister, or was it Orbán, recently say that they don’t want to cut off electricity supplies because of the Hungarian minority in Ukraine? The behavior of both countries seems to be becoming increasingly hectic and chaotic, and hardly coordinated. Everyone is looking out for themselves now. But that’s certainly not how you get the problem under control!
Let’s assume everything Orban says is true, but then I wonder how he intends to prevent this, either alone or with Slovakia. He doesn’t say, but that’s his problem. By repeatedly vetoing everything? That’s hardly realistic. If he truly wants to prevent everything he fears will happen, the only option would be to leave the EU. But that would be a catastrophe for Hungary, and he knows it. So far, he’s always caved in in some way, most recently regarding the 90 billion euro loan. Before that, he repeatedly stated that he would veto any additional European loan, whatever form it might take.
It’s probably just electioneering!
The Russian army for the first time in the entire period of full-scale war against Ukraine has found itself in a situation where for three months in a row its losses have exceeded the rate of personnel replenishment. This was reported by Western officials on the fourth anniversary of the invasion, writes The Times.
Military intelligence estimates that Russia sends about 30,000 to 35,000 mobilized troops to the eastern front every month. For the past three months, however, losses have consistently exceeded those figures. A senior official commenting on the situation called it “critical” for the Kremlin and stressed that such an imbalance could force the Russian authorities to expand forced mobilization.
He stressed that this affects not only the tactical capabilities of Russian troops, but also creates domestic political risks: according to him, a larger mobilization could have “huge political consequences” for the regime.
Explaining the scale of the problem, the official added:
“This is not the first time the level of casualties has exceeded recruitment, but it is the first time this has gone on for three months.”
Russian casualties and drone dominance
The British Armed Forces Minister El Carnes said Russia’s total losses – killed and wounded – had already reached 1.25 million. This, he said, is more than the US lost in the entire Second World War. He stressed that the modern battlefield has changed radically: about 87% of Russian losses are caused by drone strikes.
Carnes also noted that Ukraine has destroyed more than 4,000 Russian tanks and about 10,000 armored vehicles during the four years of the war. The Russian Black Sea Fleet, he said, has actually lost combat capability due to naval drone and missile strikes.
In comparison, Ukrainian losses are estimated at about 600,000 military personnel since the invasion began.
Zaluzhny: the world is entering a new era of war
In a speech at Chatham House, Ukraine’s ambassador to Britain and former AFU commander-in-chief Valeriy Zaluzhny emphasized that strikes on energy infrastructure have become “the main tool of Russian warfare,” leaving millions of Ukrainians without light and heat.
He warned that future conflicts would be defined by “swarms of autonomous drones” and that the front line was turning into a “robotic strike zone 25 kilometers deep.” Traditional expensive weapons systems are gradually losing effectiveness, he said, and nuclear weapons are no longer an absolute deterrent.
First announced with great fanfare, then the result quietly concealed:
The European Union has signed a document on granting Ukraine a 90bn-euro loan. But the money will be allocated only in the spring.
This is reported by Sharter97.org with reference to the head of the European Parliament Roberta Metsola in social network X.
“Just signed a loan to support Ukraine in the amount of 90 billion euros on behalf of the European Parliament,” – said Metsola.
She specified that such a loan is needed to:
support the functioning of vital public services;
preserve Ukraine’s defense capabilities;
protect common security and freedom;
achieve real and sustainable peace;
ensure Ukraine’s future in Europe.
It is worth noting that the EU has thus approved two of the three main documents that are needed to grant Ukraine a loan. But another document, which provides for changes to the EU’s long-term budget, is blocked by Hungary.
The European Union expects “before Easter” to provide Ukraine with the first defense package financed from the 90 billion euro loan. European Commission President Ursula von der Leyen said this at a briefing of EU leaders in Kiev.