(Reuters) Israel’s foreign ministry has issued a statement denouncing U.S. billionaire George Soros, a move that appeared designed to align Israel more closely with Hungary ahead of a visit to Budapest next week by Prime Minister Benjamin Netanyahu.

Soros, a Hungarian-born Jew who has spent a large part of his fortune funding pro-democracy and human rights groups, has repeatedly been targeted by Hungary’s right-wing government, in particular over his support for more open immigration.

In the latest case, Prime Minister Viktor Orban has backed a campaign in which Soros is singled out as an enemy of the state. “Let’s not allow Soros to have the last laugh” say billboards next to a picture of the 86-year-old investor, a campaign that Jewish groups and others say foments anti-Semitism.

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