US imposes sanctions on Hungarian bank linked to Russia.

The US has placed three executives of the Budapest-based International Investment Bank, which is founded by Russia, on its sanctions list. The bank is considered a front for Russian intelligence services, and Hungary has granted diplomatic immunity to its officials. The US ambassador to Hungary has raised concerns over the bank's presence in Hungary, which threatens the security and sovereignty of the Hungarian people, their European neighbors, and their NATO allies. The tension in US-Hungarian relations also stems from the US embassy's financial support for a poster campaign drawing parallels between the '56 Hungarian revolution and the Ukrainian war against Russian aggression.