The European Union requires a unanimous vote to extend sanctions on Russia, a situation Hungary's Viktor Orban wants to use to pressure the bloc into forcing Ukraine to reopen a transit pipeline for Russian gas.

The European Union is unlikely to propose phasing out Russian liquefied natural gas as part of a new package of sanctions targeting Moscow for its invasion of Ukraine, according to people familiar with the matter.

Hungary's representatives have not yet agreed to a decision on the extension of EU sanctions against Russia. The issue will be considered at an EU Council meeting at foreign minister level on Monday,

Hungary is imposing conditions on Ukraine in return for agreeing to the extension of the EU's economic sanctions on Russia, which expire at the end of the month. Prime Minister Viktor Orbán said on state radio that Kiev should reopen the pipeline that was closed at the beginning of the year and had previously transported Russian natural gas to Central Europe,

The fate of the European Union’s sanctions against Russia were thrown into limbo after a top Hungarian official called for a “debate” and signaled their renewal by the end of the month shouldn’t be automatic.

The European Union is unlikely to propose a gradual phase-out of Russian liquefied natural gas (LNG) as part of its new sanctions package targeting Russia over its full-scale invasion of Ukraine. Source: Bloomberg,