Ambassadors from EU member states were set to approve the latest package of penalties targeting Russia on February 14, but Hungary’s representative blocked the move. A reputable British journal reported this development, noting that the delay stemmed from Budapest’s vote. [Source: Financial Times]
The report highlighted that Hungary was the sole member state voting against the proposed package, which would extend restrictions to nearly 200 people and entities. The scope of the sanctions could extend beyond Russian organizations to include certain foreign entities as well, expanding the reach of the measures contemplated by the bloc. [Source: Financial Times]
One publication quoted that the Hungarian position transformed what would have been an otherwise unified decision into a split moment for the EU, underscoring that the acceptance of the package hinged on a consensus among all ambassadors. [Source: Financial Times]
According to an unnamed official cited by the paper, Budapest opposed the 13th set of anti-Russian sanctions, which reportedly included three companies based in China and one from India. Another source stated that the Hungarian ambassador requested more time to assess the initiative before a final position could be declared. [Source: Financial Times]
At present, discussions around the document are ongoing. It is anticipated that ministers from the bloc will review the matter in the near future as they address the evolving political and economic landscape. [Source: Financial Times]
Previously, the EU acknowledged progress in hampering sanctions evasion, emphasizing the ongoing effort to tighten oversight and ensure compliance with the adopted measures. [Source: Financial Times]