The European Union has agreed to prolong for 6 months a raft of sanctions aimed at depriving Russia of funds to finance its war against Ukraine.

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 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.

The European Union extended its sanctions on Russia due to the ongoing war in Ukraine. Hungary had delayed the decision, seeking assurances on energy security. The renewed sanctions aim to disrupt Russia's finances,

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.

The European Union will moved forward with a renewal on Russian sanctions after a deal was struck with Hungary, according to multiple reports.

The European Union is expected to extend its sanctions against Russia, according to EU foreign policy chief Kaja Kallas. The decision is anticipated during a meeting with EU foreign policy ministers in Brussels,

Following a potentially meaningless declaration from the European Commission on Monday that the E.U. will continue talking to Kyiv about “the supply to Europe through the gas pipeline system in Ukraine,

European Union foreign policy chief Kaja Kallas said she expected the bloc to renew its sanctions on Russia on Monday after Hungary signalled it would stop holding up the move in return for assurances about energy security.