Hungary and Slovakia are seeking solutions for paying Russian gas suppliers after U.S. sanctions on Gazprombank raised payment challenges. Talks are underway to resolve the issue.
Hungary and Slovakia are exploring ways to make payments for Russian gas after new U.S. sanctions on Gazprombank created uncertainty.
Hungary’s Foreign Minister Peter Szijjarto plans talks with Russian Deputy PM Alexander Novak to find a legal solution for future payments. The U.S. sanctions, imposed on November 21, complicate payments via Gazprombank, which had previously facilitated currency conversions into roubles.
Slovakia's state-owned SPP is facing difficulties with an upcoming payment, and failure to pay could lead to suspension of gas supplies. Russia has since cancelled the option for buyers to convert currencies into roubles at Gazprombank.
Other European buyers, particularly in the Balkans, are also impacted.
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Hungarian Prime Minister Viktor Orbán has refused to lift his opposition to a €90 billion ($104 billion) European Union loan to help Ukraine keep up its fight against Russia’s invasion, following a meeting of EU leaders in Brussels on Thursday (19 March).
Ukraine has accused Hungary of taking seven employees of a state-owned bank hostage in Budapest.
Russian Foreign Ministry spokeswoman Maria Zakharova on Thursday (26 February) accused Ukraine of threatening Europe’s energy security by halting oil flows through the Druzhba oil pipeline to Hungary and Slovakia.
Ukrainian President Volodymyr Zelenskyy has suggested that Hungarian Prime Minister Viktor Orbán should block financial support to Russia rather than Ukraine, as Budapest opposes the European Union’s 20th sanctions package against Moscow.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
U.S. President Donald Trump warned that American forces could target Iranian power plants if the strategic Strait of Hormuz remains closed, and Iran, in return, warned that any attack on its energy infrastructure would trigger strikes on regional facilities.
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Iran has launched long-range and intermediate-range ballistic missiles towards the joint U.S.-UK military base on Diego Garcia in the Indian Ocean, in what Israeli officials said was a major escalation in the war.
Georgia bid farewell to Catholicos-Patriarch Ilia II on Sunday (22 March). He was considered one of the most influential spiritual leaders in the country’s modern history.
As Denmark gears up for a general election on 24 March, opinion polls show a narrow lead for Prime Minister Mette Frederiksen, whose numbers have been boosted by her firm stance against U.S. President Donald Trump’s push to annex Greenland to the U.S.
Former French Socialist prime minister Lionel Jospin has died at the age of 88, broadcaster BFM reported on Monday, citing party sources. The cause of death was not immediately known.
FinaFinal results from Slovenia’s parliamentary elections indicate a near tie between the Slovenian Democratic Party (SDS) and the liberal Freedom Movement Slovenia (GS), leaving neither side with a clear path to power.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
In UK's capital, four ambulances belonging to a Jewish community organisation in north London were set ablaze, police said on Monday, adding that the incident was being treated as an antisemitic hate crime. Chief Rabbi Sir Ephraim Mirvis called the incident "sickening."
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