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International

EU to release €550 million in frozen funds to Hungary for sanctions support

"Breaking: EU to release €550 million in frozen funds to Hungary today, aiming to strengthen support for sanctions against Russia amid the Ukraine conflict."

BY: 5 min read
EU to release €550 million in frozen funds to Hungary for sanctions support
Featured image for: EU to release €550 million in frozen funds to Hungary for sanctions support

The European Union (EU) plans to release €550 million in frozen funds to Hungary as part of an effort to gain support for its latest sanctions against Russia. This decision is aimed at strengthening Hungary"s alignment with EU policies regarding the ongoing conflict in Ukraine.

The release of these funds is seen as a strategic move by the EU to ensure that member states are unified in their approach to sanctions against Russia. The financial assistance is expected to bolster Hungary"s cooperation with the EU on this matter.

For more information on related coverage, see the recent developments regarding international relations.

Image for EU to release €550 million in frozen funds to Hungary for sanctions support

Image for EU to release €550 million in frozen funds to Hungary for sanctions support

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