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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 ...
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 ...
Hungary, which had recently signed a long-term contract with Russia, had objected to the principle of the price cap, according they were given freedom, without notification to, or consent from, the EU to keep or modify their current contract with Russia. [18] Hungary's contract is for 4.5 bcm per annum and there is a price cap of €150 per ...
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.
The Hungarian government attempted to deny these actions in the domestic media, with the Ministry of Finance stating that: "Contrary to the erroneous news published in the press today, the 18 billion euro support of Ukraine was not on the agenda at the Ecofin meeting held on 12.06.2022.
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.
European Union countries are struggling to agree oil sanctions against Russia over its invasion of Ukraine, nearly four weeks after the European Commission proposed them. The starting point for ...
EU restrictive measures against Guinea-Bissau were introduced on 3 May 2012. Travel restrictions and an asset freeze were imposed targeting those who sought to prevent or block a peaceful political process or who took action that undermined stability in the Republic of Guinea-Bissau, in particular those who played a leading role in the mutiny ...