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BRUSSELS (Reuters) -The European Union renewed its wide-ranging sanctions on Russia on Monday for another six months after Hungary stopped holding up the move in return for assurances about energy ...
In May 2020, European Commission President Ursula von der Leyen and European Council President Charles Michel responded to calls from Russia for relaxation of the sanctions to facilitate the COVID-19 response explaining that the EU sanctions are "deliberately narrowly framed in order to limit the risks of unintended consequences or harm to the ...
The diplomatic standoff arose when on 24 June 2024 [1], Ukraine tightened sanctions, which were imposed on 21 June 2018 [2], against Lukoil — Russia's largest private oil firm — which included a ban Lukoil on oil supplies and the assignment of its contractual obligations to supply oil to Hungary and Slovakia through the Druzhba pipeline to ...
EU governments agreed in May to use profits from the assets frozen inside the bloc to help Ukraine, with 90% of funds earmarked for military aid. Hungary maintains warmer relations with Moscow ...
On 24 February 2022, Russia launched a large-scale invasion, prompting the imposition of substantial economic and political sanctions by the EU, the UK, the US, Canada, and other countries. The Russian government has a specified " Unfriendly Countries List " which indicates those countries with which relations are now strained (or non-existent).
(Bloomberg) -- European Union efforts to approve a partial ban on Russian oil imports hit an obstacle after Hungary raised new or already rejected demands, further slowing a push to clinch a deal ...
Slovakia and Hungary said Tuesday that they will not support sanctions against Russian energy that the European Union is preparing over the war in Ukraine, saying they are too reliant on those ...
An essential tool of the EU's Common Foreign and Security Policy (CFSP) are restrictive measures, also known as "sanctions". They are utilized by the EU as a component of a coordinated and all-encompassing policy approach that includes political discussion, complementary actions, and the use of other tools at its disposal.