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May 13, 2024 · The sanctions would bar EU countries from re-exporting Russian liquefied natural gas (LNG), potentially depriving Moscow of significant profits. But they wouldn’t stop EU purchases of Russian gas or directly hit Hungary’s business interests.
May 3, 2024 · Hungary, for example, may veto the move in light of its historical record of blocking restrictions on Russian gas out of principle. For others, meanwhile, the sanctions package is anticlimactic. It’s “disappointing … that we’ve been waiting for such a long time for the proposal of the 14th package,” said one EU diplomat, who was ...
May 14, 2024 · Hungary threatens to disrupt EU sanctions against Russian gas. Ukrainska Pravda. Tue, May 14, 2024, 7:16 AM EDT · 2 min read. Stock photo: Getty Images. The European Union's efforts to put...
May 14, 2024 · Author: Maria Kholina. Hungary refuses to support new European sanctions on Russian gas, according to Politico. Several sources have indicated that Hungary has expressed serious doubts regarding the new proposal for sanctions during initial talks with ambassadors, stopping short of directly opposing the measure but demonstrating their apprehension.
6 days ago · BRUSSELS, May 21 (Reuters) - EU countries will take weeks to hammer out the next set of sanctions against Russia for its war in Ukraine, EU diplomats say, though they broadly support the...
May 6, 2024 · There is growing political support from EU bigwigs like Germany and Italy to hit Russian LNG, but Hungary — highly reliant on Russian energy — has historically blocked all gas sanctions. The untouched gas. In the last two years, the EU has taken extraordinary steps to shun Russian energy, enacting bans on its coal and seaborne crude oil.
May 14, 2024 · This conclusion is supported by the evolution of Russian oil export prices. Effect of the sanctions on Russian oil prices. The Russian FOB price in 2023 was systematically lower than the Brent price, the reference price for crude oil in Western Europe.
