The EU will be able to renew its sectoral sanctions against Russia after Hungary abandoned its veto threat, which it had linked to energy concerns. View on euronews

Before relenting, Budapest had threatened to allow billions of dollars to flow back to the Kremlin in a row over energy imports.

The European Union renewed on Monday its wide-ranging sanctions on Russia over the war in Ukraine, after Hungary stopped holding up the move in return for a declaration on energy security.

BRUSSELS – Hungary removed its veto on the EU's six-month extension of Russia sanctions on Monday, but it may not be its last standoff. The deal was struck after the EU agreed to issue a joint, non-binding statement by top diplomat Kaja Kallas and the European Commission to support Hungary's energy security at Monday's meeting of foreign ministers.

U.S. President Donald Trump may have helped persuade Hungary to lift its veto on the European Union's extension of sanctions against Russia, Polish Foreign Minister Radoslaw Sikorski said on Jan. 27,

US President Donald Trump likely influenced Hungary on the issue of extending the European Union's sanctions against Russia. As a result, Budapest voted in favor of extending the restrictions, stated Polish Foreign Minister Radosław Sikorski,

Hungarian Foreign Minister Péter Szijjártó has stated that Hungary agreed to extend sanctions against Russia after the EU provided it with "commitments" related to energy security. Source: European Pravda,