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

The sanctions target trade, finance, energy, technology, industry, transport and luxury goods and include a ban on seaborne crude oil.

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

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

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.

Hungary wants the European Union to persuade Ukraine to resume gas transit from Russia to Europe, Prime Minister Viktor Orban said on Friday, signalling a tough debate as the EU seeks to extend its sanctions against Russia over the coming week.

There was no joint statement by the European Union countries on the presidential elections in Belarus because of Hungary's position. This was reported today, January 27, by the European media.

Hungary prolonged its blockage of the renewal of sanctions against Russia as Prime Minister Viktor Orban called on the European Union to pressure Ukraine to re-establish the transit of Russian gas to Europe.

EU foreign ministers will consider the extension of sanctions against Russia. Hungary may block the decision if its demand is not met, states Hungarian Foreign Minister Peter Szijjarto on his Facebook page.

The European Union requires a unanimous vote to extend sanctions on Russia, a situation Hungary's Viktor Orban wants to use to pressure the bloc into forcing Ukraine to reopen a transit pipeline for Russian gas.