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The EU is considering its options to block Hungary from vetoing hundreds of billions of dollars worth of sanctions against Russia, including an 81-year-old decree that can only be signed by the ...
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 ...
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 ...
On 24 July 2024, Volodymyr Zelenskyy and the Ukrainian government decided to impose sanctions on Lukoil, Russia's largest private oil firm. The sanctions were aimed at reducing Russia's oil revenue, which Ukraine reported was important in funding the ongoing Russian invasion of Ukraine. This move halted oil transit across the nation.
(Bloomberg) -- European Union efforts to approve a partial ban on Russian oil imports hit an obstacle after Hungary raised new or already rejected demands, further slowing a push to clinch a deal ...
Hungary was an ally of Germany during World War II. When Germany declared war on the Soviet Union in 1941, Hungary tried to remain neutral. When the controversial bombing of Kassa occurred, the government quickly declared the state of war existed between Hungary and the USSR, without receiving the consent of the Parliament.
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 ...
An essential tool of the EU's Common Foreign and Security Policy (CFSP) are restrictive measures, also known as "sanctions". They are utilized by the EU as a component of a coordinated and all-encompassing policy approach that includes political discussion, complementary actions, and the use of other tools at its disposal.