Browsing: sanctions package

EUROPE MORNING BRIEFING

Hungary and Slovakia are currently opposing the renewal of European Union sanctions against over 2,700 individuals amid ongoing tensions regarding the Druzhba pipeline.
Another meeting is scheduled for today as the 15 March deadline approaches.

EUROPE MORNING BRIEFING

This morning, as oil prices surge amid ongoing Middle Eastern conflict, tensions rise between the European Union and the United States over potential US sanctions relief on oil trading, stirring apprehension in Brussels.

The European Union’s proposal for a new sanctions package against Russia remains unresolved after ambassadors failed to agree on a maritime services ban for Russian oil tankers. High Representative Kaja Kallas emphasized the urgency as the 24 February deadline approaches.

The European Commission has proposed a new round of sanctions against Russia, aiming to weaken its war economy, according to Commission President Ursula von der Leyen. The plan includes a full ban on maritime services linked to Russian crude oil, aiming to increase pressure on Moscow ahead of the war’s fourth anniversary.

TL;DR Hungary has received a one-year exemption from US sanctions allowing it to continue importing Russian energy, after Prime Minister…