Read: EU seeks solution to Russian gas transit from Ukraine At a recent EU ambassadorial-level meeting, a dramatic turn occurred: Hungary opposes the EU's new round of sanctions against Russia. Reports on ** reveal this diplomatic impasse. It is reported that Hungary alone voiced opposition at the meeting, and its position was strong enough to prevent the adoption of a sanctions list of nearly 200 individuals and companies from Russia and other countries.
At a critical juncture, the Ambassador of Hungary made a legitimate request for more time to scrutinize the sanctions proposals. While the sanctions debate will continue, the analysis notes that the episode could challenge the EU's goal of imposing new sanctions on Russia by February 24. However, several senior diplomats, who spoke on condition of anonymity, believe that despite the delay in the process, it is still possible for the EU to reach a consensus on sanctions before the deadline.
Since the outbreak of the conflict in Ukraine, Hungary has been opposed to the imposition of sanctions on Russia's energy sector, and has also opposed military aid to Ukraine. The Hungarian leaders have repeatedly stressed their support for the early start of the peace negotiation process.
Geopolitical tensions, such as the conflict in Ukraine, pose a threat to global economic stability. In the process of "going global", Chinese enterprises need to strengthen risk assessment and management, and flexibly respond to geopolitical risks.
Overseas** report.