Russia

government

Last mentioned: 7h ago

Timeline

  1. Hungarian Veto

    Budapest formally announces it will block the loan until Russian oil shipments are fully restored.

  2. EU Loan Proposal

    The European Commission proposes a major financial assistance package for Ukraine for the 2026 fiscal year.

  3. Transit Restrictions

    Ukraine implements tighter sanctions on Lukoil, impacting oil flows to Hungary and Slovakia.

Stories mentioning Russia 1

Geopolitics Bearish

Hungary Leverages EU Loan Veto to Force Resumption of Russian Oil Transit

Hungary has officially announced it will block a critical European Union loan package for Ukraine, conditioning its approval on the restoration of Russian oil flows through Ukrainian territory. This escalation highlights the deepening rift between Budapest and Brussels over energy security and the ongoing conflict in Eastern Europe.

2 sources