Hungary has supported European Union sanctions against Russia but its own economy will be also inevitably impacted by them, Prime Minister Viktor Orban told state radio on Friday.
Orban said the first hit to the Hungarian economy was the Sberbank's shutting down its European operations earlier this week, where many clients including companies lost their money.
The National Bank of Hungary withdrew the license of Sberbank's unit after the European Central Bank ordered the closure of its European parent. Client deposits worth up to 100,000 euros will be refunded by the National Deposit Insurance Fund.
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