Hungarian Prime Minister Viktor Orban threatened on Friday to block the next rollover of EU sanctions against Russia unless Brussels helps achieve a restart of Russian gas transit via Ukraine, which was halted on Jan.
Long reputed to be Russia-friendly, Hungarian Prime Minister Viktor Orban has often railed against the continuation of the EU sanctions, claiming that they impose an intolerable burden on the Hungarian economy and provide no solution for the carnage in Ukraine.
The European Union will moved forward with a renewal on Russian sanctions after a deal was struck with Hungary, according to multiple reports.
The European Union agreed a 6-month extension Monday for a raft of sanctions aimed at depriving Russia of funds to finance its war against Ukraine after Hungary lifted its objections to the move. The sanctions target trade,
Russia would like to see a resumption in the transit of gas via Ukraine, the Kremlin said on Tuesday, after the European Commission issued a statement saying it planned to continue talks with Kyiv on natural gas supplies to Europe.
Hungary's representatives have not yet agreed to a decision on the extension of EU sanctions against Russia. The issue will be considered at an EU Council meeting at foreign minister level on Monday,
Before relenting, Budapest had threatened to allow billions of dollars to flow back to the Kremlin in a row over energy imports.
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.
BRUSSELS – Hungary removed its veto on the EU's six-month extension of Russia sanctions on Monday, but it may not be its last standoff. The deal was struck after the EU agreed to issue a joint, non-binding statement by top diplomat Kaja Kallas and the European Commission to support Hungary's energy security at Monday's meeting of foreign ministers.
Hungary wants the European Union to intervene in a gas dispute it has with Ukraine, a potential sign of friction in the bloc’s upcoming discussions over renewing sanctions against Russia.
Hungary has stopped delaying the renewal of European sanctions on Moscow, which may have detrimental consequences on its relationship with Russia.
The fate of the European Union’s sanctions against Russia were thrown into limbo after a top Hungarian official called for a “debate” and signaled their renewal by the end of the month shouldn’t be automatic.