Trump Hungary Russia Energy Sanctions Exemption
- * Trump Granted Hungary exemptions from Russian Energy Sanctions: During a meeting, Donald Trump agreed to exempt hungary from sanctions related to Russian gas delivered via the TurkStream...
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* Trump Granted Hungary exemptions from Russian Energy Sanctions: During a meeting, Donald Trump agreed to exempt hungary from sanctions related to Russian gas delivered via the TurkStream pipeline and oil from the Druzhba pipeline.
* Hungary’s Dependence on Russian Energy: Hungary’s Prime Minister Viktor Orbán has consistently argued that access to Russian energy is “vital” for his country. He expressed concern about the consequences of sanctions.
* LNG Deal with the US: as part of the agreement, Hungary will purchase US liquefied natural gas (LNG) worth approximately $600 million.
* Nuclear Energy Cooperation: The US and Hungary will collaborate on nuclear energy, including small modular reactors, and Hungary will purchase nuclear fuel from Westinghouse Electric Company.
* EU Pressure: Hungary has faced pressure from the European Union to reduce it’s reliance on Russian energy, as most EU nations have considerably cut or ceased imports.