Hungary Objects to Proposed EU Sanctions on Lukoil Dubai Unit
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Hungary raised objections to a European Union proposal to sanction Litasco Middle East DMCC, a Dubai-based trading unit of Russian oil giant Lukoil PJSC, according to people familiar with the matter.
EU envoys started debating this week the bloc’s plans for a new package of sanctions on Russia over its full-scale invasion of Ukraine. Budapest cited energy security concerns for its reservations, said the people, who spoke on condition of anonymity to discuss private deliberations. Negotiations will continue next week.