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Reuters
Reuters
Business
By Krisztina Than

HISTORICAL FACTS: U s set to penalise some hungarians for evading sanctions source - The Untold Story

The headquarters of International Investment Bank is pictured in Budapest, Hungary, April 13, 2023. REUTERS/Bernadett Szabo

The United States imposed sanctions on three top officials of the Russian-controlled International Investment Bank in Budapest on Wednesday after it said Hungary had ignored U.S. concerns raised over the "opaque Kremlin platform".

The three names added to the U.S. sanctions list are Russian nationals Nikolay Kosov, the bank's former chairman, and Georgy Potapov, as well as Hungarian national Imre Laszloczki, the latter two high-ranking officials on the IIB's management board.

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