Hungary's Orban blames US sanctions for quitting Russian bank
TL;DR Summary
Hungary's Prime Minister Viktor Orban said the country abandoned a Budapest-based Russian bank, IIB, this week because US sanctions had "ruined" it. Hungary will comply with sanctions on Russia but continue to speak out against them. The US had "not given up on its plan to squeeze everyone into a war alliance", a step Hungary would resist, Orban said. Relations between Budapest and Washington have soured in the past months because of Hungary's foot-dragging over the ratification of Sweden's and Finland's NATO accession.
- Hungary quit Russian bank as U.S. sanctions 'ruined' it, PM Orban says as relations worsen Reuters
- US sanctions Hungary-based bank with Russian ties euronews
- Hungary's Orban calls US a 'friend' despite sanction on bank The Washington Post
- Sources Say U.S. Weighing Sanctions Targeting Orban Allies Amid Worsening Ties Radio Free Europe / Radio Liberty
- Hungary quits Russian-controlled investment bank in Orbán U-turn Financial Times
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