In January, Budapest, which has maintained close ties with Moscow through the war, held up the renewal of the economic sanctions that include the immobilisation of Moscow's central bank assets. An agreement was reached after the European Commission agreed to include Hungary in talks about resuming gas transit to the EU through Ukraine.

Hungary wants the European Union to remove eight individuals from its sanctions list against Russia. In that case, it may support the extension of restrictions, Reuters informs. According to the media outlet,

Hungary has announced that it will not rush to approve the extension of European Union (EU) sanctions on Russian individuals, despite strong pressure from Brussels. The country’s foreign minister, who is currently in Washington for diplomatic discussions,

"The package extends the flight ban to enable the listing of third-country carriers conducting domestic flights within Russia or supplying aviation goods to Russian airlines or fo

EU foreign ministers adopted a 16th package of sanctions against Russia on, which targets a cryptocurrency exchange for the first time, a Council statement said.

The foreign ministers of the EU countries unanimously supported the 16th package of EU sanctions against Russia on Monday in Brussels. According to an EU source, this package will target additional sectors of the Russian economy and a portion of the so-called shadow fleet that transports oil from Russia.

The foreign ministers of EU countries unanimously supported the 16th package of EU sanctions against Russia on Monday in Brussels. According to an EU source, this package will target additional sectors of the Russian economy,