Hungary blocks EU's 20th sanctions package

Hungary has announced the blocking of the 20th package of European Union anti-Russian sanctions. According to the foreign minister, the reason for this move was the blocking of oil transit from Russia via the "Druzhba" route. Demand for Russian oil supplies to Europe under sanction measures is increasing due to the ongoing conflict situation in Ukraine, following the approval of previous sanction packages by the European Union. The series of sanctions introduced over recent years targets restrictions in the energy and defense sectors, as well as financial institutions considered key to the Russian economy.

Context

An example of the European Union's latest steps against Russia are dozens of sanction packages, each aimed at reducing Russia's external revenues and limiting its influence in the global market.