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Prime Minister Viktor Orban cites the conflict in Ukraine to invoke extraordinary powers Hungarian Prime Minister Viktor Orban declared a state of emergency on Tuesday, citing the conflict in Ukraine, just hours after parliament approved the measure as a way for Budapest to respond to crisis situations.

Russian state energy giant Gazprom on Tuesday warned that gas prices in Europe could surge by 60% this winter. “European spot gas prices have reached $2,500. According to conservative estimates, if such a tendency persists, prices will exceed $4,000 per thousand cubic meters this winter,” the company posted to its official Telegram channel.