US sanctions Hungary over Russian-linked bank and political allies.
TL;DR Summary
Hungary is withdrawing from the Russia-linked International Investment Bank (IIB) after it was sanctioned by the United States. The IIB moved its headquarters from Moscow to Budapest in 2019, raising concerns in Western capitals that it could be used as a cover for Russian intelligence operations inside Europe. The Hungarian government's continued relationship with the Kremlin and its engagement with the IIB have strained its relationship with the US, which has deteriorated significantly over the past months.
- Hungary withdraws from sanctioned Russia-linked bank POLITICO Europe
- US sanctions Hungary-based bank with Russian ties euronews
- Viktor Orbán’s political allies in Hungary in sights of US sanctions The Guardian
- Hungary's prime minister called U.S. a main adversary, leaked documents say NBC News
- CIA leak, sanctions highlight strained relations between U.S. and Hungary The Washington Post
Reading Insights
Total Reads
0
Unique Readers
9
Time Saved
1 min
vs 2 min read
Condensed
71%
270 → 77 words
Want the full story? Read the original article
Read on POLITICO Europe