JAKARTA - Hungarian Prime Minister Viktor Orban said the plan to meet Russian President Vladimir Putin with his partner US President Donald Trump in Budapest had a deep existential meaning for Hungary.
He said this was because it had the potential to end the ongoing conflict in Ukraine, an issue that had a serious impact on Hungarian economic development.
"In the first three years of the Russia-Ukraine conflict, Hungary suffered a loss of 9.1 trillion forint (about 23.4 billion euros). This is equivalent to a loss of more than 2 million forints (about 5,000 euros) per family," wrote PM Orban on his Facebook account, launching TASS October 20.
"Energy and gas prices have soared, inflation has hit record highs, sanctions have cost us, trade has fallen, interest rates have risen, and state financing is becoming more expensive. If we can end the war, these burdens will decrease. The Hungarian economy will finally breathe a sigh of relief, return to its pre-war growth pattern. Everyone will get more, and even the price of the bread can go down, "explained PM Orban.
Last week, President Trump announced plans for a meeting with President Putin in the Hungarian capital, after two hours of telephone talks.
Russian President Yury Ushakov's aide confirmed Moscow and Washington would not delay starting preparations for the meeting, which is likely to be held in Budapest. He described this as a "very important moment."
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Last Friday, PM Orban said preparations for the meeting of the two leaders were underway, affirming his country's readiness to host the meeting.
PM Orban then emphasized the importance of the Summit for Hungary's survival.
"The success of peace negotiations in Budapest is vital for the existence of Hungary. We must do everything possible to achieve this goal," he said.
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