Hungarian EU Affairs Minister Janos Boka made public on Facebook the declaration issued by the EU’s High Representative for Foreign Affairs and the European Commission, which Hungary received in exchange for not vetoing the extension of anti-Russia sanctions. The document outlines four key points.

Strengthening competitiveness is crucial, Hungary's European Union Affairs minister emphasized in a post on his social media page.

Hungary wants the European Union to intervene in a gas dispute it has with Ukraine, a potential sign of friction in the bloc’s upcoming discussions over renewing sanctions against Russia.

The EU has renewed sanctions against Russia despite Hungary's initial objections, following assurances on energy-related issues and amidst Belarus election controversy.

Russia would like to see a resumption in the transit of gas via Ukraine, the Kremlin said on Tuesday, after the European Commission issued a statement saying it planned to continue talks with Kyiv on natural gas supplies to Europe.

Hungary's representatives have not yet agreed to a decision on the extension of EU sanctions against Russia. The issue will be considered at an EU Council meeting at foreign minister level on Monday,

BRUSSELS – Hungary removed its veto on the EU's six-month extension of Russia sanctions on Monday, but it may not be its last standoff. The deal was struck after the EU agreed to issue a joint, non-binding statement by top diplomat Kaja Kallas and the European Commission to support Hungary's energy security at Monday's meeting of foreign ministers.

Before relenting, Budapest had threatened to allow billions of dollars to flow back to the Kremlin in a row over energy imports.

Hungary's foreign minister said on Monday Budapest would "soon" see if it will get guarantees from the European Commission to protect its energy supply.

After two consecutive quarters of decline, Hungary’s economy bounced back from recession in Q4, posting 0.5% quarter-on-quarter growth, beating analyst consensus by 0.3pp. Economic performance in 2025 is expected to be driven by a recovery in consumption and investments,

Before reupping the sanctions, Budapest wanted to wait for Trump's inauguration, then insisted Brussels push Ukraine to reopen a gas pipeline running to Central Europe.