What deal did Trump and Orban do?
Asked 43 minutes ago
Answer
Donald Trump agreed to exempt Hungary from US sanctions on Russian oil and gas for one year, specifically for two key pipelines, following a request from Prime Minister Viktor Orban. Hungary also secured a $600 million deal to buy US liquefied natural gas and reached agreements for US nuclear fuel and energy cooperation. The exemption is seen as politically beneficial for Orban but has limited impact due to other ongoing sanctions.
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Trump exempts Orban, Hungary from oil and gas sanctions
- The White House confirmed Hungary will be exempt from US sanctions on Russian oil for one year.
- The exemption follows a meeting between President Trump and Prime Minister Orbán, with Hungary citing its heavy reliance on Russian energy. 6s
- US officials stated the exemption covers two key pipelines, as Hungary's situation differs from other European countries. 24s
- Analysts suggest the exemption is more politically beneficial for Orbán ahead of elections, with limited real impact due to ongoing EU and Ukrainian sanctions. 1m 22s
- Experts argue Hungary's small market means the exemption will not significantly undermine the sanctions' overall effect on Russia. 2m 28s
References
The White House announced Hungary will be exempt from US sanctions on Russian oil for one year after discussions between Trump and Orban. The exemption covers two key pipelines supplying Hungary with oil and gas, citing Hungary's unique energy needs. Commentators note the exemption is more of a political benefit for Orban, with limited real impact due to ongoing European and Ukrainian sanctions.
Hungarian Prime Minister Viktor Orban announced that President Donald Trump agreed to exempt Hungary from sanctions on Russian oil and gas. Hungary requested exemptions for two energy lines, and Trump decided these sanctions would not apply. Hungary also reached a deal to acquire US liquefied natural gas worth about $600 million and agreed to purchase US nuclear fuel and enhance nuclear energy cooperation.
President Trump met with Orban, who sought an exemption from sanctions on two Russian oil companies. Trump said he is open to granting Hungary an exemption, citing Hungary's lack of sea access and port infrastructure as reasons.