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BRUSSELS (Reuters) -The European Union renewed its wide-ranging sanctions on Russia on Monday for another six months after Hungary stopped holding up the move in return for assurances about energy ...
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 ...
EU governments agreed in May to use profits from the assets frozen inside the bloc to help Ukraine, with 90% of funds earmarked for military aid. Hungary maintains warmer relations with Moscow ...
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 ...
(Bloomberg) -- The European Union unleashed an unprecedented punishment on one of its own, signaling that patience has worn out with Hungary -- and Prime Minister Viktor Orban’s determination to ...
Orbán spoke about the "difficult situation" of Hungary–Russia relations, and also called the war a "military operation". [114] [115] Orbán allegedly announced the meeting to NATO and the EU in advance, which was allegedly initiated by the Russian side and deemed as "impossible to avoid it". [116]
Despite the fact that the tightening of sanctions against Lukoil did not affect the volume of oil transit through Ukraine, pro-Russian officials in Hungary and Slovakia complained of a probability energy crisis and economic collapse to the European Commission while threatening to halt military aid shipments, energy, and diesel supplies to ...
Hungary has asked the United States to exempt Russia's Gazprombank from sanctions when it comes to payments for natural gas as those sanctions could negatively affect some U.S. allies, Hungary's ...