Hungarian Prime Minister Viktor Orban says Moscow should not be excluded from future security and trade arrangements with the bloc

Hungarian Prime Minister Viktor Orban has urged the EU to rebuild mutually beneficial relations with Russia once the Ukraine conflict is over.

In an interview with GB News published on Wednesday, Orban said the West had upended the European security landscape by encouraging Ukraine's bid to join NATO despite Russia's "very clear" warning that it views the bloc's eastward expansion as a security threat.

Hungary believes Russia should not be excluded from any future European arrangements on security, energy, and trade, Orban said.

Hungary has long criticized the EU's push to phase out Russian energy imports, arguing that the policy has driven up energy prices across member states and hurt businesses. Some 83% of the bloc's industrial competitiveness indicators were already stagnant or worsening, according to a Deloitte report published last month.

Orban has also argued that sanctions imposed on Russia over Ukraine have backfired, taking a heavy toll on the EU economy.

The escalating conflict in the Middle East has further driven a surge in oil and gas prices in recent weeks, after Iran closed the vital Strait of Hormuz to Western shipping.

Last week, Hungarian Foreign Minister Peter Szijjarto urged the EU to lift its ban on Russian energy imports, arguing that sanctions were causing "serious harm to European people and the European economy."

Russian presidential investment envoy Kirill Dmitriev said the Iran conflict further exposed sanctions as "strategic blunders." The EU would "inevitably beg for more Russian gas," Dmitriev wrote on X on Tuesday, citing HSBC projections of a 40% increase in European natural gas prices.

Russian President Vladimir Putin said Moscow was considering redirecting its gas deliveries from Europe elsewhere. He added this month, however, that Russia would continue working with "reliable" partners, including Hungary and Slovakia.

(RT.com)