Trump grants Hungary one-year exemption on Russian oil sanctions

Orban highlights importance for Hungary

Prime Minister Orban emphasised that continued access to Russian energy supplies is crucial for Hungary’s economy and citizens. He noted that the country’s lack of access to seaports limits its ability to diversify energy imports.

Trump acknowledges Hungary’s geographic constraints

President Trump acknowledged Hungary’s energy challenges, pointing out that, unlike other nations, Hungary does not have direct access to the sea or major ports, which complicates alternative supply routes.

Hungary to purchase US liquefied natural gas

Alongside the sanctions exemption, Hungary has agreed to purchase US liquefied natural gas worth approximately $600 million, as part of efforts to diversify its energy sources while maintaining economic stability.