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NY Instances:
In Hungary, Low-cost Russian Oil Fuels Proper-Wing Tradition Wars
Prime Minister Viktor Orban has resisted a proposed E.U. embargo of Russian oil, saying it could devastate his nation’s economic system, however it could additionally minimize off a supply of funds for his political allies.
Prime Minister Viktor Orban of Hungary has fiercely resisted a proposed European embargo of Russian oil, saying it could devastate his nation’s economic system. Different potential casualties of such a ban can be issues near his coronary heart: his populist marketing campaign guarantees, and a monetary gravy prepare for tradition warriors in Europe and in america.
Each have been fueled by Hungary’s earnings from Russian crude. Gorged with money because of low cost provides of Russian oil and gasoline, the Hungarian vitality conglomerate MOL — one of many Central European nation’s largest and most worthwhile corporations — final month introduced it could pay dividends of $652 million to its shareholders.
Greater than $65 million of that may go to a privately managed training basis that final 12 months hosted the Fox Information host Tucker Carlson at a pageant of right-wing pundits in Hungary.
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