The European Union is increasingly unlikely to approve a ban on Russian oil when the bloc’s leaders meet next week as Hungary continues to oppose the measure, according to people familiar with the matter.
Hungarian Prime Minister Viktor Orban had said several weeks earlier that it would take a summit of European leaders to forge an oil embargo deal, but his government is signaling now that any progress will likely slip to next month at the earliest, said the people, who asked for anonymity to describe discussions between member states.
