14.03.2025 18:40
Hungary decided to extend the duration of the sanctions imposed on Russia following its discussions with the European Union. With Hungary's approval, the sanctions against Russia have been extended for another 6 months.
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Hungary lifted its veto after a week-long negotiation with the European Union (EU), agreeing to extend the sanctions imposed by the EU on more than 2,400 individuals and entities from Russia for another 6 months.
An update has been made to the sanctions imposed by the EU on more than 2,400 individuals and entities from Russia due to the war in Ukraine.
HUNGARY LIFTED THE VETO, SANCTIONS EXTENDED FOR ANOTHER 6 MONTHS
Hungary's request to approve the extension of sanctions, which included the removal of some deceased individuals from the blacklist, was accepted as a result of negotiations that took place throughout the week, and the Budapest administration lifted its veto just before the sanctions were set to expire. Thus, it was decided to extend the sanctions for another 6 months.
EU media reported that those removed from the blacklist at Hungary's request included Uzbek-born Russian billionaire Alisher Usmanov's sister Gulbahor Ismailova, Jewish-born Russian businessman Viatcheslav Moshe Kantor, and Russian Sports Minister Mikhail Degtyarev.
PUTIN IS ALSO ON THE SANCTIONS LIST
The blacklist includes high-ranking military personnel, government officials, oligarchs, propagandists, and mercenaries affiliated with the Wagner group from Russia, and it foresees the freezing of assets and travel bans against them. Russian President Vladimir Putin and Foreign Minister Sergey Lavrov are also on the sanctions list. The list also targets hundreds of Russian companies operating in defense, banking, transportation, energy, mining, aviation, information technology, telecommunications, and media sectors.
THE SANCTIONS WERE SET TO EXPIRE TOMORROW
Hungarian Prime Minister Viktor Orban argues that the sanctions harm the EU rather than Russia. The duration of the sanctions, which must be unanimously approved by all member states every six months, was set to expire tomorrow. Hungary had maintained its insistence on the veto throughout the week, and no results were achieved in the meetings held among EU ambassadors on Monday, Wednesday, and most recently yesterday.
HUNGARY HAD OBJECTED TO SOME OF THE EU'S SANCTIONS ON RUSSIA IN JANUARY
In January, Hungary had objected to some of the EU's comprehensive bans on oil, coal, technology, finance, luxury goods, transportation, and publishing related to Russia, as well as the freezing of the Russian Central Bank's assets amounting to 210 billion euros.
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