US sanctions Russian-linked bank and warns Hungary over Moscow ties
TL;DR Summary
The US has imposed sanctions on the International Investment Bank (IIB), a Hungary-based bank with ties to Russia, and three individuals affiliated with the bank's leadership. The IIB's presence in Hungary has drawn the ire of Western officials, who fear it could be used for Russian intelligence operations inside Europe. Hungary's relationship with the US has deteriorated significantly since the beginning of Russia's full-scale invasion of Ukraine, with Hungarian Prime Minister Viktor Orbán's moves to centralize power at home and build closer ties abroad with Moscow and Beijing causing concern among US officials.
- US sanctions Hungary-based bank with Russian ties POLITICO Europe
- Hungary Sees U.S. Among Top Three Adversaries, Purported Leaked CIA Document Says - WSJ The Wall Street Journal
- CIA leak, sanctions highlight strained relations between U.S. and Hungary The Washington Post
- US Sanctions Russian-Controlled IIB Bank, Executives in Hungary Bloomberg
- U.S. sanctions leaders of Russian bank, warns Hungary over ties with Moscow Reuters
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