"Gazprom has completely stopped gas supplies to GasTerra due to non-payment in rubles," the Russian gas giant said in a statement.
Seaborne exports of oil and petroleum products makes up around two thirds of Russian oil imports. Germany and Poland have also agreed to phase out piped Russian oil by the end of the year, so this should mean 90% of imports will be embargoed. However, Hungary will be prohibited from re-exporting Russian crude oil and refined products that it has received via the pipeline.
Budapest - which under Mr Orban sought close ties to Moscow until the invasion of Ukraine - said banning Russian oil would spark recession, shortages and rocketing prices, and undermine Hungary's energy security.Last night's breakthrough agreement paves the way for the adoption of the sixth set of sanctions against Russia for its invasion, which will include removing Russia's largest bank from the Swift international payments system.