Search results
Results from the WOW.Com Content Network
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 ...
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 ...
But the European Commission, the EU's executive body, can take legal action against a member country if it deems EU law has been broken. Hungary's Foreign Minister Peter Szijjarto said on Tuesday ...
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 ...
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]
The diplomatic standoff arose when on 24 June 2024, [1] Ukraine tightened sanctions, which were imposed on 21 June 2018, [2] against Lukoil — Russia's largest private oil firm — which included a ban Lukoil on oil supplies and the assignment of its contractual obligations to supply oil to Hungary and Slovakia through the Druzhba pipeline to ...
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 ...
In March 2023, when the EU adopted new sanctions against Russia, Russian diamond exports to Europe and other nations remained unaffected. While calls from Ukrainian nationals and EU officials to strictly apply sanctions to Russian-sourced diamonds had been referred to the G7, such measures had only experienced weak support from European ...