The sanctions up for renewal include all sector-based bans on trade as well as the measures that immobilised Russia's central bank assets. Legally, EU countries must unanimously vote to renew these restrictions every six months.

The European Union renewed on Monday its wide-ranging sanctions on Russia over the war in Ukraine, after Hungary stopped holding up the move in return for a declaration on energy security. "Europe delivers: EU Foreign Ministers just agreed to extend again the sanctions on Russia,

European Union foreign ministers agreed on Monday to extend sanctions on Russia over its war against Ukraine after Hungary lifted its opposition to the move.

Budapest’s U-turn follows Donald Trump’s warning to Moscow that it could face more curbs unless it ends war ‘soon’

U.S. President Donald Trump may have helped persuade Hungary to lift its veto on the European Union's extension of sanctions against Russia, Polish Foreign Minister Radoslaw Sikorski said on Jan. 27,