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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 ...
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.
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 ...
Website, Conclusions, Conclusions on Ukraine, EU sanctions against Russia, Signing of EU-Ukraine Association Agreement. Video: 1 and 2: 160 27 May Informal [17] Website, Statement on Ukraine. Video [permanent dead link ] 161 26–27 June Scheduled [17]
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.
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 ...
After the financial crisis that began in 2008, the EU responded with a series of reforms to ensure financial market stability and to enhance the supervision of financial markets. The operational role of DG FISMA is to ensure that EU legislation is fully implemented, to monitor the effectiveness of these reforms and to respond to any further ...