Péter Magyar would ‘talk to Russian president, but won’t initiate contact’; Ukraine welcomes defeat of Orbán. What we know on day 1,511

Péter Magyar, Hungary’s new leader, said he would ask Vladimir Putin to end the killing in Ukraine if they speak, and plans to review Hungary’s Russian energy contracts and renegotiate them if needed. Magyar said he would talk to the Russian president, but won’t initiate contact. “If Vladimir Putin calls, I’ll pick up the phone,” he said in his first news conference after his landslide win against Viktor Orbán, a Putin ally. “If we did talk, I could tell him that it would be nice to end the killing after four years and end the war. It would probably be a short phone conversation and I don’t think he would end the war on my advice,” he said.

Ukraine welcomed with relief on Monday the defeat of Orbán, its harshest critic in the EU, an outcome that paves the way for a €90bn ($105bn) loan that Kyiv urgently needs to fund the war with Russia.

Higher oil prices caused by the war in the Middle East could raise inflation rates in Ukraine by 1.5 to 2.8 percentage points, Ukraine’s top central banker said on Monday. The National Bank of Ukraine governor, Andriy Pyshnyi, said the central bank would stick to its target of lowering inflation to 5% in three years, using all available tools to ensure that goal was met. “We’re trying to walk on a razorblade,” Pyshnyi said through an interpreter, noting prices have already started to rise.

The Ukrainian military struck a Russian chemicals plant in Cherepovets in the Vologda region, Kyiv’s drone forces commander said on Monday. The plant produces chemicals that serve as raw materials for TNT, hexogen and components for munitions, Robert Brovdi said on Telegram.

Russian and Belarusian athletes will be permitted to compete in World Aquatics events with their respective uniforms, flags and anthems, the sport’s governing body said on Monday. Competitors from both countries were banned from international sports events after Russia’s invasion of Ukraine in February 2022, which was launched in part from Belarusian territory.