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Orbán and Putin strike energy deals as sanctions reshape Hungary-Russia ties

A four-hour Kremlin meeting reveals Hungary’s bold play for Russian energy. Could these deals redraw Europe’s economic map under sanctions pressure?

In this image we can see a globe, luggage bags and air tickets.
In this image we can see a globe, luggage bags and air tickets.

Orbán and Putin strike energy deals as sanctions reshape Hungary-Russia ties

Hungarian Prime Minister Viktor Orbán met Russian President Vladimir Putin in Moscow on November 28 for a lengthy discussion. The four-hour talks centered on major economic deals, including energy partnerships. Orbán later confirmed that U.S. sanctions on Russian assets had created opportunities for new agreements between the two countries.

During the meeting, Orbán highlighted that Hungary was now pursuing two or three large-scale deals. These opportunities arose after Western sanctions restricted Russian trade with other nations.

The discussions signal a potential shift in energy collaborations between Hungary and Russia. MOL’s proposed expansion in NIS could strengthen ties between the two nations’ energy sectors. The outcome of these talks may shape future trade dynamics in the region.

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