The European Union (EU) has been placing sanctions on Russia since the beginning of the full-scale war in Ukraine. These sanctions are meant to pressure Russia into stopping its attacks. However, the EU can only continue these sanctions if every country in the group agrees.

The sanctions target trade, finance, energy, technology, industry, transport and luxury goods and include a ban on seaborne crude oil.

The European Union will moved forward with a renewal on Russian sanctions after a deal was struck with Hungary, according to multiple reports.

Sikorski believes that Budapest changed its mind after Trump called Russian dictator Vladimir Putin as an aggressor and threatened Moscow with sanctions if it did not engage in peace talks. It was the new US president's first clear position on Russia's war against Ukraine.

The European Union on Monday renewed its wide-ranging sanctions on Russia over the war in Ukraine after Hungary stopped holding up the move in return for a declaration on energy security. The bloc’s foreign policy chief,