• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
<strong> International bank will cease operation after Hungary leaves it </strong><strong> International bank will cease operation after Hungary leaves it </strong><strong> International bank will cease operation after Hungary leaves it </strong><strong> International bank will cease operation after Hungary leaves it </strong>
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • Do you want to get Hungarian castles for free? New bill makes that possible

  • Brutal bomb attack in downtown Budapest, officers injured: VIDEO never seen before

  • PHOTOS: King Charles III arrived to his favourite Hungarian village!

Support us
DNH 2021 DNH 2021 · 14/04/2023
· Business

International bank will cease operation after Hungary leaves it

The government has decided to terminate Hungary’s membership of the International Investment Bank (IIB), the economic development ministry said on Thursday.

On Wednesday, the United States imposed sanctions on the Budapest-based bank and three of its senior executives resident in Hungary. The ministry said in a statement that whereas the Russia-backed IIB had played an important development role in central and eastern Europe, there was no sense in carrying on with its operations following the US sanctions. Hungary is withdrawing its officials from the IIB, it added. David Pressman, the US ambassador to Hungary, told journalists on Wednesday that sanctions applied to the “Budapest-based, Russia-controlled” bank and three of its senior executives resident in Hungary, including one Hungarian national, MTI wrote.

Before, the United States said they put Imre Lászlóczki, the Hungarian deputy chairperson of the IIB, on their latest sanctions list. The step means Mr Lászlóczki will not be able to enter the USA, nor would he be able to do business or even acquire his bank accounts there. Szabad Európa wrote that was just the warm-up: multiple sanctions against Hungarian officials are in the pipe in Washington.

Here is Mr Lászlóczki:

Read also:

  • US sanctions are here: Hungarian head of the Russian spy bank is also on the list
  • New US sanctions against Hungary: a lot of people can be banned soon
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
Hungarian economy International Investment Bank Russia
Share

Hot news

  • Government: Hungarian nation has no boundaries

  • What happened today in Hungary? – 4 June, 2023

  • The number of Hungarians has decreased shockingly since the Peace Treaty of Trianon

  • Batumi, the four-season Georgian tourist destination, presented in Budapest

  • Reserve your seat on trains to Lake Balaton with the help of an innovation now!

  • PM Orbán under harsh attack for his pro-peace program

Related posts

Litér German investment
04/06/2023

Foreign investors love Hungary!


Read more
Edelény Caste Island
04/06/2023

Do you want to get Hungarian castles for free? New bill makes that possible


Read more
Hungarian Summit
03/06/2023

Hungarian Summit in Budapest helps companies trade in the USA


Read more
Minister world leader Korean company investment
03/06/2023

Minister: foreign investors’ confidence in Hungary is unbroken


Read more

7 Comments

  1. Norbert says:
    14/04/2023 at 13:13

    So – the long and short of it: sanctions work? Our Politicians woke up and smelled the coffee. Newsworthy.

  2. Cigány ország says:
    14/04/2023 at 13:28

    Orban thinks and acts like he is the leader of a super-power so maybe he should impose sanctions on the US….LOL

  3. Michael Steiner says:
    14/04/2023 at 17:58

    America is a bully, plain and simple. This is not about the rights and wrongs of Russia’s despicable acts in Ukraine; many have done far worse with impunity because they’re America’s buddies (e.g. Saudi in Yemen). This is about jerking small countries around and showing who’s boss, at the behest of the globalist-socialist cabals and the military-industrial complex, both of which are salivating at the prospect of a major, widespread war breaking out. Despicable.

  4. mariavontheresa says:
    14/04/2023 at 21:25

    Documents leaked in the US contained bad news. Ukraine is not winning the war. The western media lied. If sanctions would have worked, there would be no need to expand them. If sanctions have worked there would not be any need to supply Zelensky with another 14 billion. It is time to end the nonsense. Bullying Hungary will not save Ukraine. Supplying more weapons will only expand and extend the length of the war. It is time to end this nonsense. It is time to try a revolutionary policy “peace talks”. Only peace will save the remaining people of Ukraine.

  5. KC says:
    15/04/2023 at 08:38

    Sounds to me like the Biden regime (cabal/WEF) feel they are losing power. The power of the dollar. BRICS is stronger, more inventive, and creative, and all those enemies the US made are making one front.

    I wonder why there is an American embassy and an ambassador in Hungary.

    US’s reign is over.

  6. Géza Hegedűs says:
    15/04/2023 at 14:09

    The aggressive warmongering US is bullying another small country again.

    The globalist elite who controls US foreign politics and the liberal left political traitors from within are the biggest enemies of the European nations since 1945.

  7. ..And, end of story (or is it?) says:
    17/04/2023 at 02:36

    Yes, yes, let’s turn away from the West, leave the EU and NATO, turn East to Putin and bring back the “good” old days.

    And after all that is done, dear PM please bring back PRO/ÁVO/ÁVH to protect us all from the evil West, the warmongering US, the NGOs who’ve invaded this country, all the Soroses of this world, nasty illegal migrants, the opposition parties, the remaining free press, and etc, etc.

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

About us

Contact us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Government: Hungarian nation has no boundaries

Government: Hungarian nation has no boundaries

Read More
What happened today in Hungary? – 4 June, 2023

What happened today in Hungary? – 4 June, 2023

Read More
The number of Hungarians has decreased shockingly since the Peace Treaty of Trianon

The number of Hungarians has decreased shockingly since the Peace Treaty of Trianon

Read More
Batumi, the four-season Georgian tourist destination, presented in Budapest

Batumi, the four-season Georgian tourist destination, presented in Budapest

Read More
Reserve your seat on trains to Lake Balaton with the help of an innovation now!

Reserve your seat on trains to Lake Balaton with the help of an innovation now!

Read More
PM Orbán under harsh attack for his pro-peace program

PM Orbán under harsh attack for his pro-peace program

Read More
Crossing the Hungarian-Croatian, Hungarian-Serbian borders changes fundamentally

Crossing the Hungarian-Croatian, Hungarian-Serbian borders changes fundamentally

Read More
<b> Foreign investors love Hungary! </b>

Foreign investors love Hungary!

Read More
Do you want to get Hungarian castles for free? New bill makes that possible

Do you want to get Hungarian castles for free? New bill makes that possible

Read More
PHOTOS: Danube Day organised in the picturesque heart of Transylvania

PHOTOS: Danube Day organised in the picturesque heart of Transylvania

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?