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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 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.
BRUSSELS (Reuters) -European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by end-2022, but Hungary and two other landlocked Central European states ...
Hungary and Slovakia are seeking ways to make payments for Russian gas that were thrown into uncertainty by new U.S. sanctions on Russia's Gazprombank, officials said on Wednesday. Hungarian ...
Hungary has an embassy in Moscow and two consulate-generals (in Saint Petersburg and Yekaterinburg). Russia has an embassy in Budapest and a consulate-general in Debrecen. Both countries are full members of the Organization for Security and Co-operation in Europe. Hungary is highly dependent on sources of energy imported from Russia.
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.
The United States imposed new sanctions on Russia's Gazprombank on Nov. 21 as President Joe Biden steps up measures to punish Moscow for its invasion of Ukraine before he leaves office in January.
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.