The United States imposed sanctions on three top officials of the Russian-controlled International Investment Bank in Budapest on Wednesday after it said Hungary had ignored U.S. concerns raised over the “opaque Kremlin platform.” | Reuters
“The presence of this opaque Kremlin platform in the heart of Hungary threatens the security and sovereignty of the Hungarian people, their European neighbors, and their NATO allies,” U.S. Ambassador to Budapest David Pressman told a news conference in Budapest after the announcement.
“We have concerns about the continued eagerness of Hungarian leaders to expand and deepen ties with the Russian Federation despite Russia’s ongoing brutal aggression against Ukraine and threat to transatlantic security,” Pressman said. The Hungarian government’s chief spokesperson did not immediately respond to a Reuters’ request for comment.
Landlocked Hungary is heavily reliant on Russian natural gas and crude oil imports, and it has criticized EU sanctions on Russia, saying they have failed to weaken Moscow meaningfully while risking destroying the European economy.Shortly before Wednesday’s U.S. announcement, Orban’s chief of staff, Gergely Gulyas, accused the U.S. Embassy of directly campaigning for a change in Hungary’s stance on Russia.
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