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    FT: Hungary opposes new package of EU sanctions against Russia

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    At the meeting of permanent representatives of the EU member states held the day before, Hungary opposed a new package of sanctions against the Russian Federation. On Thursday, December 8, the newspaper Financial Times wrote about this, citing sources in diplomatic circles.

    The FT claims that Budapest also spoke out against a proposal to increase the size of the EU fund, which finances arms supplies to Ukraine and other countries.

    Against this background, some diplomats fear that Hungary will continue to use its veto power against all Brussels decisions that require unanimity. The reason is the fact that the European Commission previously recommended freezing €7.5 billion due to Budapest from the EU Balanced Development Fund, as well as postponing the allocation of grants for recovery from the pandemic in the amount of €5.8 billion. The EC indicated that Hungary should actively fight corruption and implement a series of reforms.

    “radical actions” of Budapest. The publication does not rule out that Hungary could allegedly block the inclusion of Bulgaria, Romania and Croatia in the Schengen area.

    70 billion euros by 2025. He noted that the EU began to cut its military spending after the Cold War, and now it needs to “fix its past”.

    Ninth package of sanctions

    On December 7, EC President Ursula von der Leyen spoke about the content of the ninth package of sanctions against Russia. It affects almost 200 individuals and legal entities.

    Restrictions, in particular, will affect the activities of three more Russian banks. Thus, the sanctions imply a complete ban on operations with the All-Russian Regional Development Bank.

    The new restrictions will also limit Russia‘s access to all types of drones and unmanned aerial vehicles.

    Four more TV channels and a number of other distribution platforms will be taken off the air in the EU for “state propaganda”.

    In addition, new export controls and restrictions are expected to be introduced, especially for dual-use goods. It also proposes “further economic measures against the Russian energy and mining sector.”

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