The European Union has decided to extend its sanctions on Russia over the ongoing war in Ukraine. The renewal faced a brief delay after Hungary demanded assurances on energy security.
Kaja Kallas, the EU’s foreign policy chief, confirmed the decision, saying the sanctions will continue to cut Russia’s income and limit its ability to fund the war. She added, “Russia must pay for the damage they are causing.”
The sanctions, which restrict trade and freeze Russian central bank assets, are renewed every six months. EU officials were concerned that missing the January 31 deadline could lead to the unfreezing of Russian assets currently being used to support a $50-billion loan for Ukraine, funded by the G7 nations.
Hungary, led by Prime Minister Viktor Orban, initially resisted the renewal. Orban has maintained close ties with Moscow and called for a “sanctions-free” relationship with Russia. However, the EU’s statement on energy security seemed to address Hungary’s concerns.
This stance contrasts with that of former U.S. President Donald Trump, who supports increasing economic pressure on Russia to push for peace talks.
The EU also announced plans to continue discussions with Ukraine about energy supplies through its gas pipeline network, further solidifying its support for Kyiv.
When asked whether the energy security statement made a difference, Kaja Kallas remarked, “It mattered to Hungary, and that was important.”