The Latest Breaking News from IIB

Hungary’s loyalties tested as Russia’s war in Ukraine grinds on

Budapest withdraws from a Russian-controlled bank after it was sanctioned, but ties with Western powers remain shaky.

Al Jazeera · Apr 14, 2023

Hungary quit Russian bank as U.S. sanctions 'ruined' it, PM Orban says as relations worsen

Hungary abandoned a Budapest-based Russian bank this week because U.S. sanctions had "ruined" it, Prime Minister Viktor Orban said on Friday, adding that Hungary would comply with sanctions on Russia but continue to speak out against them.

Reuters · Apr 14, 2023

Hungarians protest Ukraine invasion, Russian bank in Budapest

Several hundred Hungarians rallied in central Budapest on Tuesday to protest against the Russian invasion of Ukraine, which has sent tens of thousands of refugees across the border, with most of them fleeing towards Western Europe.

Reuters · Mar 1, 2022