US sanctions deepen rift in Hungary's international relations.
TL;DR Summary
The US has imposed sanctions on the Russian-Hungarian International Investment Bank (IIB) and its management, marking a new low in already strained relations between Hungary and the US. The IIB, which Hungary owned around 25% of the shares, is known as the "spy bank" due to its leadership's links to Russia's FSB intelligence service. The bank plays an important role in Russo-Hungarian relations. Hungary is the only EU country that still maintains friendly relations with Russia today.
- US sanctions on bank in Hungary mark new low in relations DW (English)
- Hungary quit Russian bank as U.S. sanctions 'ruined' it, PM Orban says as relations worsen Yahoo News
- Hungary’s loyalties tested as Russia’s war in Ukraine grinds on Al Jazeera English
- Hungary's Orban calls US a 'friend' despite sanction on bank The Associated Press
- US sanctions Hungary-based bank with Russian ties euronews
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