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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.
BUDAPEST (Reuters) -Hungary's foreign minister said on Saturday the European Commission's decision not to mediate in a dispute over a blockage of oil supplies from Russia via Ukraine into his ...
Hungary 15% through Ukraine and 32% though TurkStream; Austria 46% through Ukraine; Slovenia 30% through Ukraine; Romania 16% though TurkStream; Italy and Croatia 3% each through Ukraine; The EU is well prepared for the 2023-24 winter, even under the worst weather conditions the EU will still have 20% in stored capacity by April 2024. [45]
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.
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]
BUDAPEST (Reuters) - 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 ...
Hungary is legally allowed to leave the EU according to Article 50 of the Treaty on European Union. Therefore, the country could exit the union following a referendum, which would require a change to the Constitution of Hungary with the support of two-thirds of the Hungarian parliament. This was proposed by Hungarian politician Dóra Dúró, a ...