In 1864, Maximilian of Austria arrived in Mexico, assuming the throne of the country. He was declared emperor of Mexico as Maximilian I. Although this was only one, and quite brief, episode in his eventful life, it was the most memorable one, and the one that turned out to be fatal.

Mexico and Hungary are connected not only by their similar flag colours, or their shared love for hot and spicy food. Their histories also intersected multiple times, one example being when a Habsburg archduke briefly ruled the Latin American nation.

The war in Ukraine has been ravaging European economy for the past year. Marking the recent one-year anniversary of the invasion, this article looks at the economic sanctions imposed upon Russia and assesses their effect.