Royal wartime decree seen as fallback option to keep Russia’s frozen €190bn in EU if Hungary vetoes renewal of sanctions

Hungary's prime minister says sanctions issued by the United States last week against a powerful Hungarian official have “strengthened” that official’s standing within the populist government.

Hungary is not ready to support the extension of European sanctions against the aggressor country russia before the inauguration of Donald Trump.According to

Russia has long used its plentiful energy resources as a tool to exert control over the region, where independence from Russian energy is tied to political sovereignty.

Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia's oil and gas sector, Hungarian Foreign Minister Peter Szijjarto said on Sunday.

If the Hungarian side prioritizes strengthening Russia over the EU and the United States, it should acknowledge this openly,’ argues Foreign Ministry - Anadolu Ajansı

Russian leader Vladimir Putin's allies in Hungary and Slovakia are increasingly facing backlash for their pro-Moscow stance.

Tensions between Ukraine and Hungary over the war with Russia and the expired gas transit deal continue to increase online.

Hungary Plans Talks With Allies to Combat Higher Oil Prices After New US Sanctions on Russia BUDAPEST (Reuters) - Hungary plans to hold talks with regional allies to counter the impact of higher ...

E.ON Energie Romania is one of the European Union member's biggest gas and electricity providers, serving around 3.4 million customers. MVM Group is the main energy supplier in Hungary, a 100% state-owned company, ranking as the sixth in Central Europe and it wants to acquire the Romanian firm's gas and electricity supply division.

Ukraine’s decision to end the gas transit deal with Russian energy giant Gazprom has been hailed by President Volodymyr Zelensky as one of Moscow’s biggest defeats. Today, the transit of Russian gas is zero.