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Hungary’s Orbán seeks more Russian oil and gas at talks with Putin in Moscow

Hungary’s Orbán seeks more Russian oil and gas at talks with Putin in Moscow

Summary

Hungarian Prime Minister Viktor Orbán visited Moscow to meet with Russian President Vladimir Putin. Orbán wants to secure more Russian oil and gas for Hungary, despite the European Union's effort to reduce dependence on Russian energy. The visit follows an exemption from U.S. sanctions against Russian energy companies, which President Donald Trump granted earlier.

Key Facts

  • Orbán met with Putin in Moscow to discuss energy supplies.
  • Hungary continues to rely heavily on Russian fossil fuels.
  • The European Union has been trying to reduce Russian energy imports.
  • Orbán secured an exemption from U.S. sanctions on Russian energy companies, allowing Hungary to maintain energy imports.
  • President Trump released a plan for ending the war in Ukraine, which favors Russia.
  • Trump’s envoy, Steve Witkoff, is expected to meet with Putin for peace talks.
  • Prices for Russian oil have dropped as buyers adjust to U.S. sanctions.
  • Orbán argues that Russian energy is essential for Hungary's economy.
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