Before reupping the sanctions, Budapest wanted to wait for Trump's inauguration, then insisted Brussels push Ukraine to reopen a gas pipeline running to Central Europe.
The economic sanctions on Moscow were set to expire on January 31, and the EU Foreign Ministers unanimously decided to extend them for another six months
European Union foreign ministers agreed on Monday to extend sanctions on Russia over its war against Ukraine after Hungary lifted its opposition to the move.Budapest had been stalling the decision since December when Prime Minister Viktor Orban told EU leaders he wanted to wait for Donald Trump’s inauguration before deciding whether to agree to roll over the restrictions.
The European Union renewed its sanctions on Russia for another six months after Hungary received energy security assurances. Despite initial resistance, Hungary supported the decision, which prevents Moscow from financing its war efforts.
The European Union has renewed sanctions on Russia for another six months following concessions to Hungary on energy security. This decision aims to deprive Russia of war financing revenues. The sanctions include trade bans and frozen assets that also help fund Ukraine's $50 billion G7-backed loan.
European Union foreign policy chief Kaja Kallas said she expected the bloc to renew its sanctions on Russia on Monday after Hungary signalled it would stop holding up the move in return for assurances about energy security.
The foreign ministers of the EU member states, who met today in Brussels in the format of the EU Council, agreed to extend sanctions against Russia over its aggression against Ukraine. — Ukrinform.
Hungary has stopped delaying the renewal of European sanctions on Moscow, which may have detrimental consequences on its relationship with Russia.
EU foreign ministers were in Brussels to discuss lifting some sanctions on Syria after the fall of Bashar Assad's regime. Foreign affairs chief Kaja Kallas said the bloc "aimed to move fast."
The European Union will not lift sanctions against the government of Belarus's autocrat Alexander Lukashenko following the country's "sham" presidential elections, the bloc's top diplomat Kaja Kallas said on Sunday.
The EU's top diplomat Kaja Kallas said Wednesday that the bloc must heed US President Donald Trump's demand to spend more on defence, as she issued a stark warning over
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 security.