Hungary Seeks U.S. Sanctions Exemption on Russian Oil
Hungary's Prime Minister Viktor Orban aims to secure an exemption from U.S. sanctions on Russian oil due to Hungary's heavy reliance on pipeline transport. Orban plans to discuss the matter with President Trump, emphasizing the unique position of Hungary as a landlocked country dependent on pipeline systems.
In a bid to shield Hungary from U.S. sanctions on Russian oil, Prime Minister Viktor Orban hopes to persuade President Donald Trump during their upcoming meeting. Orban stresses Hungary's dependency on pipeline networks for energy, seeking an exemption similar to Germany's recent successful negotiation.
Scheduled for November 7, Orban's talks with Trump will focus on reaching a wide-ranging economic agreement. Hungary, a landlocked nation, faces significant challenges in securing energy supplies, making exemptions crucial to its energy strategy.
U.S. sanctions on firms like Rosneft threaten Hungary's Russian oil imports as the country grapples with a reduced capacity at its Danube refinery due to a recent fire. Hungary is already adjusting legislation to ensure storage and supply resilience in critical scenarios.
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