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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 ...
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 ...
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 newspaper also reported that Hungarian officials raised a possible agreement for Budapest to lift its veto on the 6.6 billion euros directed to Ukraine if the Hungarian government gets full access to the 6.3 billion euros of EU funds before mid-December, which was frozen due to concerns about the rule of law and corruption. However, this ...
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 ...
EU restrictive measures against Guinea-Bissau were introduced on 3 May 2012. Travel restrictions and an asset freeze were imposed targeting those who sought to prevent or block a peaceful political process or who took action that undermined stability in the Republic of Guinea-Bissau, in particular those who played a leading role in the mutiny ...
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 ...
Within days of the Russian invasion of Ukraine in February 2022 western countries moved to freeze Russian central bank funds in these countries. [1] [a] In March 2023 (prior to the destruction of the Kakhovka Dam) a joint assessment was released by the Government of Ukraine, the World Bank, the European Commission, and the United Nations, estimating the total cost of reconstruction and ...