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The EU is considering its options to block Hungary from vetoing hundreds of billions of dollars worth of sanctions against Russia, including an 81-year-old decree that can only be signed by the ...
The Ukrainian sanctions and blockage of oil transport immediately prompted both Hungary and Slovakia to appeal to the European Union, claiming that Ukraine was violating its European Union Association Agreement and jeopardizing its energy security, which could cause a national energy crisis and an economic crisis in both states.
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 ...
The newspaper also reported that Hungarian officials raised a possible agreement for Budapest to lift its veto on the 6.6 billion euros directed to Ukraine if the Hungarian government gets full access to the 6.3 billion euros of EU funds before mid-December, which was frozen due to concerns about the rule of law and corruption. However, this ...
Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia's oil and gas sector, Hungarian Foreign Minister ...
Orbán, speaking at a meeting of the Hungarian governing party Fidesz in Balatonalmádi in September 2022, identified EU sanctions and restrictive measures against Russia as major causes for the ongoing inflation surge and 'global economic war', and called for the lifting of EU sanctions by the end of the year. [43]
An aide to Hungary's prime minister on Friday accused Ukraine of blackmailing Hungary and Slovakia by halting oil deliveries after the countries stopped receiving oil from Russian group Lukoil.
On 6 April, Hungary signaled its intent to agree to pay for Russian gas in rubles, breaking ranks with the rest of the European Union. [38] In early May, Hungary said that it would veto a proposed European Union sanctions package against the Russian energy sector. [39]