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Eu Sanctions

All articles tagged with #eu sanctions

Hungary Uses Defense Loan as Leverage to Block EU Russia Sanctions
world2 days ago

Hungary Uses Defense Loan as Leverage to Block EU Russia Sanctions

Hungary is blocking the EU’s 20th sanctions package on Russia to pressure Brussels to approve its €16 billion SAFE defense loan, with Viktor Orbán threatening to veto both Moscow sanctions and a €90 billion Ukraine loan until Kyiv restarts oil flows via a pipeline damaged in a Russian attack. EU diplomats say Budapest may continue the veto until the defense loan is approved, while the Commission slow-walks a €2.4 billion initial payment amid Hungary’s election season and ongoing rule-of-law funding disputes.

Fresh Russian barrage tests Ukraine as EU sanctions hinge on oil flow
world4 days ago

Fresh Russian barrage tests Ukraine as EU sanctions hinge on oil flow

Russia launched a fresh wave of missiles and drones at Ukraine, destroying a house in Kyiv and damaging energy infrastructure amid freezing conditions, with power outages reported; Zelenskyy said about 297 drones and nearly 50 missiles were used, and casualties included at least one death in Lviv and multiple injuries. The strikes come as EU foreign ministers prepare a 20th sanctions package, with Hungary and Slovakia threatening to block measures over resumed oil deliveries via the Druzhba pipeline.

Hungary’s Russian oil buys fuel Moscow’s war machine and Orbán-linked foundations
world12 days ago

Hungary’s Russian oil buys fuel Moscow’s war machine and Orbán-linked foundations

A Center for the Study of Democracy analysis says Hungary’s continued import of discounted Russian oil (which accounted for about 92% of its crude in 2025) has not lowered prices for consumers but boosted MOL’s profits (up ~30% since 2022) and funded foundations linked to Prime Minister Viktor Orbán, including the Mathias Corvinus Collegium. The report argues this is a political choice, not a necessity, noting Hungary could source non‑Russian crude via the Adria pipeline and that EU policy should ban Russian crude to close loopholes financing the Kremlin’s war machine, a claim set against Hungary’s election season and ongoing sanctions debates.

EU weighs sweeping ban on shipping services for Russian oil amid shadow-fleet crackdown
world23 days ago

EU weighs sweeping ban on shipping services for Russian oil amid shadow-fleet crackdown

The European Union is considering a full ban on maritime services—such as insurance and transport—used to move Russian oil, potentially replacing the current price-cap regime and choking Moscow’s oil revenue; this comes as a shadow fleet of tankers evades sanctions, with increasing risks from intercepts and Ukrainian attacks, and with any measure requiring unanimous EU approval.

Germany arrests five in €30 million sanctions-busting smuggling ring to Russia
world26 days ago

Germany arrests five in €30 million sanctions-busting smuggling ring to Russia

German authorities arrested five men suspected of running a network that smuggled goods worth at least €30 million to Russian defence companies, bypassing EU sanctions through front companies and about 16,000 deliveries; an asset freeze of €30 million was issued as raids took place across several cities, with five suspects still at large.

Spain Escorts EU‑Sanctioned Shadow Tanker Bound for Morocco
europe1 month ago

Spain Escorts EU‑Sanctioned Shadow Tanker Bound for Morocco

An EU‑sanctioned shadow fleet tanker, the Chariot Tide (formerly Marabella Sun) flying a Mozambican flag, was escorted by a Spanish rescue vessel to the Moroccan port of Tangier Med after its engine broke down in international waters inside Spain’s search‑and‑rescue zone. The ship has been under EU sanctions since December 2024 for transporting Russian oil and using irregular high‑risk shipping practices, reflecting broader European pressure on Moscow’s aging fleet amid security and environmental concerns.

EU Extends Sanctions as Russia Denies Attack Intentions and Issues Nuclear Warnings
world2 months ago

EU Extends Sanctions as Russia Denies Attack Intentions and Issues Nuclear Warnings

The EU has extended sanctions against Russia for six months amid ongoing conflict in Ukraine, while Russia seeks to legally confirm it has no plans to attack NATO or the EU. Tensions escalate with Russian military officials being targeted in assassinations, and peace talks in Miami show slow progress. Ukraine offers to drop NATO ambitions in exchange for security guarantees, and Ukraine continues to resist Russian advances, with significant financial and military support from the EU.

world2 months ago

EU Sanctions Target Russia's Shadow Fleet and Propaganda Spreaders

The EU has imposed sanctions on 41 additional vessels of Russia's shadow fleet, targeting vessels involved in circumventing oil price caps, supporting Russia's energy sector, or transporting military equipment and stolen Ukrainian goods, bringing the total to nearly 600 vessels as part of broader measures against Russia's aggression in Ukraine.