The EU countries have reached a compromise on the extension of anti-Russian sanctions, Hungary is expected to withdraw objections to this decision in exchange for the provision of The EU on Energy security guarantees.

Hungary’s Foreign Minister Peter Szijjarto said in a statement that his country has "received the requested guarantees" regarding energy security.

The European Union on Monday agreed to prolong its sanctions against Russia over the war in Ukraine, after Hungary agreed to the move following weeks of stalling.

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,

Should EU foreign ministers fail to renew the sanctions by January, diplomats say there is still enough time to call an had-hoc emergency EU summit

Hungary was expected on Monday to lift its block on the EU prolonging its sanctions on Russia, after weeks of stalling from Prime Minister Viktor Orban, diplomats said.

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.

The deal is expected to be reached by EU ambassadors during a morning emergency Coreper and then formalized at a gathering of foreign ministers in Brussels. Hungary’s threats prompted warnings from European leaders and high-level officials in Brussels.

The European Union is poised to extend sanctions against Russia for its aggression in Ukraine, with Hungary, previously a holdout, now agreeing to support the measure, Bloomberg reported on January 27.

The European Union is set to extend sanctions on Russia over its war against Ukraine on Monday, with Hungary ready to lift its opposition to the move, according to people familiar with the matter.

Hungarian Foreign Minister Peter Szijjarto noted that "after three years, it has become clear that sanctions against Russia had completely failed"