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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 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 ...
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, 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 ...
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 ...
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]
BUDAPEST (Reuters) -Hungary and Slovakia have asked the European Commission to mediate a consultation procedure with Ukraine, Hungary's foreign minister said on Monday, after Kyiv placed Russian ...
On 24 February 2022, Russia launched a large-scale invasion, prompting the imposition of substantial economic and political sanctions by the EU, the UK, the US, Canada, and other countries. The Russian government has a specified " Unfriendly Countries List " which indicates those countries with which relations are now strained (or non-existent).