Trump exempts Orban, Hungary from oil and gas sanctions
Al Jazeera · Just In
Al Jazeera
Just In
The White House has confirmed Hungary will be exempt from U.S sanctions on Russian oil for one year. The announcement follows a meeting between President Donald Trump and Prime Minister Viktor Orban.
Breakdown
- 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