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 EU has removed three Russian oligarchs from the latest sanctions list under pressure from Hungary, Vedomosti reported on March 14 citing Bloomberg. EU sources say the three unnamed Russian citizens were removed from the sanctions list and the EU has begun the so-called written procedure,

European Union member states agreed to extend sanctions on individual Russians, including a number of billionaires, after Hungary dropped its opposition.