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Budapest urges partners in bloc to rethink approach and promote ceasefire to avoid recession
Poland gives green light to 15% levy as France continues to lead efforts to seal bloc-wide approval for deal
Rift shows how Europe’s political order has been changed by Moscow’s invasion of Ukraine
EU leaders agree ban on country’s seaborne oil while granting temporary exemption for pipeline imports to help landlocked states
Embargo contains temporary exemption for supplies delivered via pipeline to bring Hungary on board
Hungary’s prime minister has long sought economic influence to match his political power. Now his plan for a three-bank merger is coming to life
EU struggles to find compromise over plan to impose embargo on buying oil from Moscow
Hungary also plans investment cuts as premier wields emergency powers to address ‘economic crisis’
Hungary’s premier will announce measures to be adopted on Wednesday
Letter from Hungary’s prime minister demands more detail from Brussels on alternative sources of fuel
Oil embargo, rule of law and EU funds are in a Gordian knot
Country’s biggest energy group confirms planning has begun to enable refineries to process alternative crude
Bloc hits roadblock as it seeks consent of some member states to phase out Moscow’s crude
Budapest wants to take pipeline imports out of latest sanctions package altogether
European Commission struggles to win over Hungary’s Orbán for phased-in curbs on oil imports
Bloc’s foreign affairs chief Josep Borrell says sanctions proposals must ‘fit with reality’
Alternative supply routes are few and refineries are tooled to process crude from Moscow
Hungary premier claims fresh sanctions package would threaten country’s energy security
Plus, Fed set to deploy first half-point interest rate rise since 2000 and retail spending in the eurozone falls more than expected
Viktor Orban’s pro-Russian tendencies in the war in Ukraine are out of line with democracies worldwide
Berlin speeds up timetable for phasing out energy imports as Brussels tries to reach deal on toughest measures yet
Brussels kick-starts formal process that could lead to withholding of funds
Veteran leader navigates rising inflation and fiscal challenges as EU row blocks handover of recovery funds
Premier Janez Jansa’s conservative party faces a tight race against liberal upstarts in Sunday’s election
Governments need to manage public finances prudently even as central banks raise interest rates
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