EU Renews Russia Sanctions After Reaching Compromise With Hungary
The European Union extended sanctions on over 2,400 Russian individuals and entities following Hungary's agreement to remove four names from the list.
- The EU sanctions on Russian individuals and entities were renewed until September 15, 2025, just ahead of the Saturday deadline.
- Hungary initially threatened to veto the renewal unless multiple individuals were removed from the sanctions list.
- A compromise was reached to delist four individuals, including businessman Vladimir Rashevsky and Russian Sports Minister Mikhail Degtyarev.
- Hungary's stance reflects its ongoing ties with Moscow and its argument that the sanctions may hinder potential peace talks led by U.S. President Donald Trump.
- The EU's sanctions require unanimous approval every six months, with over 2,400 individuals and entities currently targeted.