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The sanctions were aimed at reducing Russia's oil revenue, which Ukraine reported was important in funding the ongoing Russian invasion of Ukraine. This move halted oil transit across the nation. It effectively blocked oil passage from Lukoil's pipeline to Central Europe, thus abruptly partially negating Hungary's and Slovakia's exemption ...
BUDAPEST (Reuters) -Hungary and Slovakia have asked the European Commission to mediate a consultation procedure with Ukraine, Hungary's foreign minister said on Monday, after Kyiv placed Russian ...
As the European Union tries to impose sanctions on Russian oil over the war in Ukraine, Hungary has emerged as one of the biggest obstacles to unanimous support needed from the bloc's 27 member ...
PRAGUE/BUDAPEST (Reuters) -Slovakia and Hungary said they have stopped receiving oil from key supplier Lukoil after Ukraine imposed a ban last month on the transit of resources from the Russian ...
The international press also drew attention to the event, emphasizing the "stormy" relationship between Ukraine and Hungary in the past two years juxtaposed to the exceptional closeness of Hungarian and Russian relations. According to analysts, Orbán tried to present himself as an important player in the peace issue. [146]
Since the 2022 Russian invasion of Ukraine, the European Union, the G7 nations and Australia have imposed sanctions on Russia.The sanctions on oil began in December 2022 and included an embargo of Russian oil, namely, the bringing of crude oil and refined oil products from Russia to the EU and other G7 nations by ship, with a few exceptions.
After Moscow's invasion of Ukraine in 2022, the European Union (EU), which used to buy up to a third of its fuel from Russia, imposed sanctions and stopped buying Russian oil.
In March 2023, when the EU adopted new sanctions against Russia, Russian diamond exports to Europe and other nations remained unaffected. While calls from Ukrainian nationals and EU officials to strictly apply sanctions to Russian-sourced diamonds had been referred to the G7, such measures had only experienced weak support from European ...