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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 ...
An aide to Hungary's prime minister on Friday accused Ukraine of blackmailing Hungary and Slovakia by halting oil deliveries after the countries stopped receiving oil from Russian group Lukoil.
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.
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 U.S. imposed new sanctions on Russia's Gazprombank on Nov. 21, creating an obstacle for European buyers of Hungary, Slovakia seek to overcome US sanctions impact on Russian gas payments Skip ...
In June 2024, bypassing Hungary, the European Union decided to accept a financial package intended for Ukraine based on Russian frozen assets. Josep Borrell, the EU High Representative for Foreign Affairs, said that since the Hungarian government had not previously voted on the use of the profits on the frozen assets, it is now not entitled to ...
However, the Swiss Federal Council reversed course on 28 February, announcing that Switzerland was imposing the same sanctions on Russian assets as the European Union. Exempt from these sanctions were payments for energy raw materials. According to Cassis, the decision was unprecedented but consistent with Swiss neutrality. [246]
Slovakia and Hungary said Tuesday that they will not support sanctions against Russian energy that the European Union is preparing over the war in Ukraine, saying they are too reliant on those ...