Hungarian Conservative

The Budapest embassy stated that the United States government made significant efforts over the years to avoid this modification and resolve the longstanding security risk resulting from the Hungarian simplified naturalisation process. However, the Hungarian government decided not to address the concerns raised and did not take the necessary steps to fully comply with the VWP requirements.

Hungary has recently announced that it is leaving the International Investment Bank, soon after the US Treasury imposed sanctions on the IIB and its leadership. But what is the story behind this controversial financial institution and what led to its demise?

The US Ambassador announced that three senior officials of IIB, including a Hungarian citizen, Imre Laszlóczki, and two Russian nationals, Nikolai Kosov and Georgi Potapov have been placed on the list of sanctioned individuals. IIB is a platform for Russia to extend its influence in the region, and is therefore a potential threat for both the European Union and its Western allies, Pressman stated.