London Daily

Focus on the big picture.
Sunday, Oct 04, 2026

EU heading for ‘war economy’ - Orban

EU heading for ‘war economy’ - Orban

Hungarian Prime Minister Viktor Orban has lambasted an EU plan to reduce gas consumption by 15%. Unless the bloc pushes for peace in Ukraine, he warned that Europe will face an energy crisis, a recession, and political turmoil.
Speaking following a meeting with Austrian Chancellor Karl Nehammer in Vienna on Thursday, Orban said that Hungary determines its own energy policy, and any attempt by Brussels to interfere with this “will not find favor with the Hungarians.”

Earlier this week, in anticipation of a cutoff in supply from Russia the EU’s member states agreed on a range of measures to cut their gas consumption by 15% over the winter. The voluntary measures – including a switch to alternative fuels and rationing for household consumers – could become mandatory should the EU declare a state of emergency.

Hungary was the only one of the EU’s 27 members to oppose the plan. Declaring it “simply impossible” to go without Russian energy, Foreign Minister Peter Szijjarto traveled to Moscow last Thursday to negotiate the purchase of an extra 700 million cubic meters of Russian gas.

“Our people don’t like that kind of thing,” Orban said on Thursday, referring to the EU plan. "If Brussels has a say in what to do with our own energy, regardless of Brussels' good intentions or bad intentions, it will not find favor with the Hungarians.”

Orban, who has heavily criticized the EU’s sanctions on Russia, said that he would attempt to “convince Brussels to create a strategy that is good for the Ukrainians, the EU, and EU households.”

The fact that Brussels is already implementing energy rationing suggests that Europe is moving toward a “wartime economy,” Orban said, adding that unless peace is reached in Ukraine, "we will not be able to solve any problems, there will be no energy, and the entire European Union will be pushed into an economic situation of war.”

The Hungarian premier noted that an energy crisis would also lead to a recession and political instability across Europe.

Hungary has refused to send weapons to Ukraine or allow Western arms to enter Ukraine from its territory. In a speech last week, Orban declared that the rest of the world is “demonstratively not with” the West on sanctioning Moscow, and insisted that the conflict in Ukraine “will end when the Americans and the Russians come to an agreement.”
Newsletter

Related Articles

0:00
0:00
Close
UK Introduces Stricter Subcontractor Checks and Expanded Trade Union Access
Green Party Proposes Three-Year Emergency Freeze on Private Rent Increases
UK Treasury Committee Seeks Tax Clarification Over Manchester City Investigation
Royal Marines Deploy to Faroe Islands for Northern European Security Exercise
UK Business Confidence Weakens as High Costs Delay Investment
UK GDP Growth Revised Up to 0.5% in Second Quarter
Bank of England Warns of Financial Stability Risks From Autonomous AI
UK Expands Early Prisoner Release Scheme to Ease Overcrowding
UK Records Worst Bluetongue Outbreak on Record Across Livestock Farms
UK Government Faces Shrinking Fiscal Headroom Ahead of October 28 Budget
UK 30-Year Gilt Yield Reaches 6% as Energy Shock Drives Borrowing Costs Higher
Church of England to Apologize for Role in Historical Forced Adoptions
UK Defence Ministry Investigates Historical Use of RAF Bases by Jeffrey Epstein
Scottish Housing Completions Fall to 11-Year Low
Welsh First Minister Calls for Expanded Devolution Settlement
UK Pledges £50 Million to Expand Domestic Military Drone Capabilities
UK Opens First Commercial Geothermal Plant in Cornwall
Green Party Wins Gorton and Denton By-Election as Labour Falls to Third
Prime Minister Andy Burnham Opens Review of UK-EU Relationship
UK Inflation Rises to 3.1%, Adding Pressure on Household Finances
UK Removes VAT From Domestic Electricity Bills to Ease Winter Energy Costs
Counterterrorism Police Arrest Sixth Suspect Over RAF Fairford Incident
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Chancellor John Healey Faces Tax and Pension Scrutiny Ahead of Autumn Budget
Metropolitan Police Apologise for Accidental Disclosure in High-Profile Investigation
UK Universities Report Record International Enrolment as Housing Pressure Grows
UK Logistics Firms Monitor Rhine Disruption as Low Water Threatens European Supply Chains
UK Food Industry Warns Inflation Could Approach 7%
UK Introduces Vaping Duty and Mandatory Retail Stamps
Scotland Raises Property Taxes and Expands Child Payment in Annual Budget
Greggs Plans Four Factory Closures With 740 Jobs at Risk
OECD Raises UK 2026 Growth Forecast to 1.1%
UK Inflation Rises to 3.1% as Bank of England Faces Rate Debate
Andy Burnham Criticises Brexit and Says Rejoining EU Single Market Remains an Option
UK Imposes New Sanctions on Russian Military Networks and Propagandists
UK Launches Nationwide Early-Release Prison Scheme
Andy Burnham Says Security Services See Signs of Iranian Involvement in RAF Fairford Incident
Manchester City Found Guilty on Premier League Financial Charges After Independent Investigation
Scottish Court to Rule on Bid to Force No-Confidence Vote Against Aberdeen Council Co-Leader
UK Bans Extra Charges for Seating Children Under 12 Beside Accompanying Adults
UK Introduces Vaping Duty and New Licensing Requirements
Greggs to Close Four UK Factories and Cut 740 Jobs
Hundreds of Prisoners Released Early as England and Wales Prisons Reach 98% Capacity
UK Unveils New Russia Sanctions Targeting War Funding and Shadow Fleet
Burnham Says There Are Strong Indications of Iranian Involvement in RAF Fairford Security Breach
Prime Minister Andy Burnham Raises Prospect of Reviewing Britain's Post-Brexit EU Relationship
Markets Price in Bank of England Rate Increases as Inflation Rises to 3.1%
UK Borrowing Costs Climb Toward 5.5% as Global Bond Sell-Off Intensifies
UK-France One-In-One-Out Migration Agreement Expires as London Seeks Alternative Measures
Southwest England Faces Flood Alerts After Heavy Autumn Storms
×