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

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

The European Union on Monday renewed its wide-ranging sanctions on Russia over the war in Ukraine after Hungary stopped holding up the move in return for a declaration on energy security. The bloc’s foreign policy chief,