UK tightens sanctions on Russian oil; Hungary urges EU to reconsider Moscow rules or it will be 'very painful'

On November 25, British Foreign Secretary David Lammy said that the country is imposing the largest package of sanctions against Russia's "underground fleet".

Hungary warned that the European Union (EU) must abandon its sanctions policy against Russia or risk causing economic collapse. (Source: Interfax)

The sanctions cover 30 ships that Britain accuses of trying to evade Western restrictions on Russian oil.

He said this was the largest sanctions package yet against Moscow's "underground fleet".

By 2023, the “underground fleet” was shipping billions of pounds worth of Russian oil and oil products all over the world .

The new measures bring the number of oil tankers subject to sanctions from Britain to 73.

Meanwhile, two Russian insurers, AlfaStrakhovanie and VSK, also face sanctions. The UK will continue to tighten insurance information for ships passing through its waters.

“We are determined to ensure that ships and those who facilitate them in undermining European and UK sanctions are affected,” the British Foreign Secretary stressed.

Mr. Lammy also called on the Group of Seven (G7) countries to stand together and equip Kiev if necessary.

"Ukraine will receive money, equipment and military supplies to get through 2025," he informed.

* Also related to sanctions against Russia, recently, speaking on national radio Kossuth Radio, Hungarian Prime Minister Viktor Orban warned that the European Union (EU) must abandon its policy of sanctions against Moscow or risk causing economic collapse.

In a statement, the Hungarian leader stressed that the EU's sanctions regime "needs to be reviewed, because with such a punitive policy, energy prices will not decrease".

Prime Minister Orban also affirmed: "It will be very painful for those who justify sanctions. This is not happening to us. The other side must change, because otherwise, sanctions will destroy the European economy."

Source: https://baoquocte.vn/anh-siet-chat-trung-phat-dau-nga-hungary-thuc-eu-xem-xet-lai-dieu-ve-moscow-neu-khong-se-rat-dau-don-295123.html