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Bloomberg: Hungary objects to Russian oil phaseout.

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The EU proposed on May 4 a gradual ban on Russian oil and oil product exports as part of the sixth package of sanctions against Russia. Hungary voiced objections as the measures “would threaten Hungary’s energy security,” the spokesman for Prime Minister Viktor Orban’s government said.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The Washington-based lender called Ukraine's performance "broadly satisfactory" in a press release announcing its approval, but emphasized that several conditions of the program were either completed with a delay or missed entirely.

Russia occupied and illegally annexed Crimea in 2014. In recent months, Ukrainian forces have increasingly targeted power substations, bridges, ferry crossings, air defenses, military logistics routes, and Russian vessels in the Black and Azov seas as part of a broader campaign to isolate Crimea.

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