Russian assets seized by the Hungarian government, which has repeatedly blocked EU sanctions against Moscow, rose to 870 million euros at the end of November from a previously reported 3,000 euros, Nepszava newspaper reported, as cited by Reuters.

Viktor Orbán and Ursula von der LeyenPhoto: Isopix / Shutterstock Editorial / Profimedia

The Hungarian government did not respond to Reuters’ questions on Friday about the total number of Russian assets frozen under European Union sanctions.

Nepšava cited a document from the European Commission, according to which on November 25, Hungary froze the assets of Russians under sanctions in the amount of 870 million euros.

A Commission official declined to give details of the assets frozen in Hungary, but said almost €19 billion linked to Russian individuals under sanctions had been frozen by the end of November in all EU member states.

Late last month, the commission proposed a plan to compensate Ukraine for damages caused by Russia’s invasion through proceeds from Russian assets blocked under sanctions.

Prime Minister Viktor Orbán, who has been in power since 2010, has developed close ties with Moscow because Hungary is heavily dependent on Russian oil and gas, and has repeatedly blocked EU sanctions against Russia.

On Monday, his government struck a deal on billions of euros in EU funding for next year, helping it avoid major hits to the forint and Hungarian bonds, while keeping Budapest under some scrutiny over conditions to reduce corruption.