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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 ...
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 ...
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 ...
Over the period when the Minsk Accords were in play, the EU sanctions also involved visa bans and freeze of assets of more than 150 individuals and more than 40 entities involved in these operations. [266] [267] [268] The EU sanctions have been continuously extended with increasing severity and are in force as of 2023. [269] [270]
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 ...
Hungary, Russia's closest EU ally. The European Union failed on Friday to agree a 14th package of sanctions against Russia, EU diplomats said, as Germany held out over the extent to which EU ...
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.
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 ...