EU extends Russia sanctions by 6 months after Hungary lifts veto threat

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EU extends Russia sanctions by 6 months after Hungary lifts veto threat - Business Standard

Quick Summary:

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.

Some measures were introduced in 2014 after Russia annexed Ukraine's Crimean Peninsula, but the list grew significantly after Moscow's full-fledged invasion of its neighbour almost three years ago.

He said Kyiv's decision to halt the transit of Russian gas into Central Europe had forced Hungary to turn to alternative routes, which raised energy prices.