The IIB's office building in Budapest - Photo:

Jobbik welcomes Hungary’s exit from IIB

Prime Minister Viktor Orbán's step to withdraw Hungary from the International Investment Bank (IIB) within 24 hours after the government's decision on the matter was in line with national interests, the leader of Jobbik-Conservatives said on Saturday.

While the government’s billboard campaign claims that “sanctions do not work”, the move “has shown that some well-targeted sanctions do have beneficial effects on Hungary,” Marton Gyongyosi said, referring to US sanctions announced on Wednesday against some 50 persons and entities, including the IIB, for their ties to Russia.

“Let us hope that… beyond quitting [IIB], the government will also get back the Hungarian taxpayers’ money, because they used Hungarian capital to fund the bank,” he said.

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