EU sanctions Russian officials as Hungary blocks funds to Ukraine
On the eve of the fourth anniversary of the Russia-Ukraine war, the European Union successfully sanctioned a small group of Russian officials, but failed to pass a massive financial aid package for Ukraine and broader sanctions against Moscow due to a veto from Hungary. The EU froze assets and issued travel bans against eight Russian […]
Hungary’s Orbán vows to ‘circumvent’ US sanctions on Russian oil titans
According to Politico, Hungarian Prime Minister Viktor Orbán said that Budapest was working on how to “circumvent” American sanctions on Russian oil and gas companies. U.S. President Donald Trump announced he was imposing “tremendous” new sanctions on Russia’s multinational Lukoil and its state-owned Rosneft, in the first such measures since he took office. While the […]
Hungary Objects to Proposed EU Sanctions on Lukoil Dubai Unit
Hungary raised objections to a European Union proposal to sanction Litasco Middle East DMCC, a Dubai-based trading unit of Russian oil giant Lukoil PJSC, according to people familiar with the matter. According to Bloomberg, EU envoys started debating this week the bloc’s plans for a new package of sanctions on Russia over its full-scale invasion […]
EU to remove 4 Russian nationals from sanctions list
Hungary lifted its objection to the EU’s renewal of sanctions on Russian individuals and entities after several names were taken off the list. After a week of haggling, EU ambassadors reached a compromise over the six-month extension of the EU’s individual sanctions framework after Budapest removed its blockage. Hungary had initially sought to remove eight […]
US sanctions Hungarian Antal Rogan over alleged corruption
The US imposed sanctions on Antal Rogan, a senior Hungarian official, on Tuesday, citing his alleged involvement in systemic corruption. Rogan, a prominent member of Prime Minister Viktor Orban’s government and head of the Cabinet Office, is accused of orchestrating schemes to misappropriate public resources and enrich himself and his political allies. According to the […]