The EU Friday agreed to drop three Russian individuals from its sanctions list as the price for Hungary's Viktor Orban to drop a threat to veto Europe's sanctions against Russia.

The European Union has reached a deal with Hungary to renew sanctions on more than 2,400 primarily Russian entities and individuals hours before they were set to expire on March 15, an EU official with knowledge of the negotiations told the Kyiv independent.

The EU’s Russia sanctions must be renewed every six months, requiring consent from all 27 countries. In recent months, Hungary has consistently threatened to torch the sanctions every time one component comes up for renewal, pointing to U.S. President Donald Trump’s ongoing ceasefire talks over the war in Ukraine.