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EU Set to Agree to Extend Russia Sanctions, Hungary to Back Down: Reports

  • Hungary has dropped its threat to block EU sanctions against Russia, allowing for a six-month extension of the sanctions aimed at financial pressure on Russia after its invasion of Ukraine.
  • The EU foreign ministers unanimously agreed to maintain sanctions that target trade, finance, energy, technology, and more, which will now remain in place at least until July 31.
  • The European Commission's agreement included assurances for Hungary regarding energy security, responding to concerns raised by Prime Minister Viktor Orbán.
  • U.S. President Donald Trump's threats of sanctions against Russia influenced Hungary's decision to lift its objections to the sanctions rollover.
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WTX News broke the news in on Saturday, January 25, 2025.
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