The ruble continued its decline on Wednesday, hitting record lows against major currencies yet again, after US President Joe Biden announced a ban on all imports of Russian  energy products, such as oil and gas.

The ruling allows the political group to be classified as a “suspected case of right-wing extremism” The Alternative for Germany (AfD) party can be officially classified as a “suspected case of right-wing extremism” and a threat to democracy, a court ruled on Tuesday, paving the way for authorities to spy on the group’s politicians.

Budapest has argued that Eastern Europe is too dependent on the energy supply from Moscow Hungarian Foreign Minister Peter Szijjarto has said that Hungary opposes sanctions on Russia’s energy sector, as Western countries hit Moscow with sweeping restrictions over its attack on Ukraine.