{"id":266,"date":"2023-04-13T23:02:45","date_gmt":"2023-04-14T04:02:45","guid":{"rendered":"https:\/\/confluencewinery.net\/us-announces-sanctions-against-budapest-based-investment-bank-controlled-by-russia-and-three-executives\/"},"modified":"2023-04-13T23:02:45","modified_gmt":"2023-04-14T04:02:45","slug":"us-announces-sanctions-against-budapest-based-investment-bank-controlled-by-russia-and-three-executives","status":"publish","type":"post","link":"https:\/\/confluencewinery.net\/us-announces-sanctions-against-budapest-based-investment-bank-controlled-by-russia-and-three-executives\/","title":{"rendered":"US Announces Sanctions Against Budapest-Based Investment Bank Controlled by Russia and Three Executives"},"content":{"rendered":"

The United States government has announced sanctions against a Budapest-based investment bank, the International Investment Bank (IIB), which is controlled by Russia, and three of its executives, two of whom are Russian and one Hungarian. The move follows concerns expressed by US officials over the past decade about Hungarian Prime Minister Viktor Orb\u00e1n\u2019s moves to centralise power at home and build closer ties abroad with Moscow and Beijing.[0]<\/a><\/sup> The Treasury Department has cited the bank\u2019s \u201cpresence in Budapest enables Russia to increase its intelligence presence in Europe, opens the door for the Kremlin\u2019s malign influence activities in Central Europe and the Western Balkans, and could serve as a mechanism for corruption and illicit finance, including sanctions violations.\u201d[1]<\/a><\/sup> The US has also imposed further sanctions on more than 50 institutions and individuals to limit Russia\u2019s access to the international financial system. <\/p>\n

David Pressman, the US Ambassador to Hungary, has held a press conference to announce the sanctions, but the event\u2019s topic was initially unknown.[2]<\/a><\/sup> Diplomatic sources suggested that the ambassador may announce new sanctions against Hungary, which has become increasingly hostile towards the US.[3]<\/a><\/sup> Orb\u00e1n recently identified the United States as one of Hungary\u2019s top three adversaries, stating that the US embassy was actively attempting to subvert his administration.[4]<\/a><\/sup> Critics view Orb\u00e1n as the EU's ally closest to Vladimir Putin.[5]<\/a><\/sup> Blocking Sweden's attempt to join NATO has worsened the relationship between his government and Washington. Additionally, until March's end, Budapest had been postponing Finland's request to join.[6]<\/a><\/sup> Since 2017, Hungary has prevented Ukraine from participating in numerous high-level NATO meetings.[6]<\/a><\/sup><\/p>\n

0. <\/span>“US sanctions Hungary-based bank with Russian ties” Euronews, 13 Apr. 2023, https:\/\/www.euronews.com\/2023\/04\/13\/us-sanctions-hungary-based-bank-with-russian-ties<\/a><\/p>\n

1. <\/span>“Hungary to cease cooperation with Russian-owned bank after sanctions” Yahoo Life, 13 Apr. 2023, https:\/\/www.yahoo.com\/lifestyle\/hungary-cease-cooperation-russian-owned-184250681.html<\/a><\/p>\n

2. <\/span>“Biden's U.S. Goes on Diplomatic Offensive Against Hungary” The European Conservative, 12 Apr. 2023, https:\/\/europeanconservative.com\/articles\/news\/bidens-u-s-goes-on-diplomatic-offensive-against-hungary<\/a><\/p>\n

3. <\/span>“US may announce new sanctions against Hungarian individuals” EURACTIV, 12 Apr. 2023, https:\/\/www.euractiv.com\/section\/politics\/news\/us-may-announce-new-sanctions-against-hungarian-individuals\/<\/a><\/p>\n

4. <\/span>“Orb\u00e1n Among Leaders Monitored by CIA in Intelligence Leak” The European Conservative, 11 Apr. 2023, https:\/\/europeanconservative.com\/articles\/news\/orban-among-leaders-monitored-by-cia-in-intelligence-leak\/<\/a><\/p>\n

5. <\/span>“Budapest Views America as a Top Adversary, Leaked Intel Shows” The New York Sun, 12 Apr. 2023, https:\/\/www.nysun.com\/article\/budapest-views-america-as-a-top-adversary-leaked-intel-shows<\/a><\/p>\n

6. <\/span>“Viktor Orb\u00e1n\u2019s political allies in Hungary in sights of US sanctions” The Guardian, 13 Apr. 2023, https:\/\/www.theguardian.com\/world\/2023\/apr\/13\/viktor-orbans-political-allies-in-hungary-in-sights-of-us-sanctions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The United States government has announced sanctions against a Budapest-based investment bank, the International Investment Bank (IIB), which is controlled by Russia, and three of its executives, two of whom are Russian and one Hungarian. The move follows concerns expressed by US officials over the past decade about Hungarian Prime Minister Viktor Orb\u00e1n\u2019s moves to […]<\/p>\n","protected":false},"author":2,"featured_media":265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/posts\/266"}],"collection":[{"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/comments?post=266"}],"version-history":[{"count":1,"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/posts\/266\/revisions"}],"predecessor-version":[{"id":267,"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/posts\/266\/revisions\/267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/media\/265"}],"wp:attachment":[{"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/media?parent=266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/categories?post=266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/confluencewinery.net\/wp-json\/wp\/v2\/tags?post=266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}