Published October 11, 2024 | Version v1

Hungary at a Crossroads: Exploring BRICS, EU Tensions, and Geopolitical Realignment Geopolitics Report Vol 1 Issue 8

Description

The article explores Hungary's shifting geopolitical alignment under Prime Minister Viktor Orbán, as tensions with the European Union escalate due to democratic backsliding and defiance of EU policies, particularly on Russia and sanctions. Orbán has turned towards the BRICS bloc (Brazil, Russia, India, China, and South Africa) as a potential alternative to the EU for economic and political support. This pivot risks Hungary’s economic stability, as its economy is deeply dependent on EU trade and subsidies, while simultaneously appealing to Orbán's nationalist agenda of asserting Hungarian sovereignty. The article discusses the potential ramifications of Hungary aligning with BRICS, the challenges it faces in balancing relations with both the EU and BRICS, and the possible isolation Hungary could face from the West.

Files

Hungary at a Crossroads_ Exploring BRICS, EU Tensions, and Geopolitical Realignment 1163h (1v).pdf