Please try another search
© Reuters. FILE PHOTO: Hungary's Foreign Minister Peter Szijjarto addresses the 76th Session of the United Nations General Assembly, at the U.N. headquarters in New York, U.S., September 23, 2021. Mary Altaffer/Pool via REUTERS
(Reuters) - Hungary's foreign minister said on Friday it has complained to the European Union alleging that Ukraine is making business harder for its companies such as drugmaker Richter because they have operations in Russia.
Peter Szijjarto told a news briefing that Hungary would ask Brussels to take steps to ensure that Ukrainian authorities "should not make the operations of EU companies impossible".
"These companies have not violated any rules, their only "sin" is that they also have a presence in Russia," he added.
The European Commission in April proposed a one-year suspension of import duties on all Ukrainian goods not covered by an existing free trade deal to help the country's economy during the war with Russia.
Szijjarto said Hungary would not be against a potential extension of the full customs free status for Ukrainian products that is in place in the EU until July 2023.
Hungarian drugmaker Richter said earlier this month that due to a change in Ukrainian legislation meant that marketing authorization for some products may be revoked if a manufacturer operates and pays taxes in Russia.
Richter said in its third-quarter earnings report that it planned to appeal a decision to suspend 35 of its products.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.