Overview
- President Trump confirmed that Viktor Orbán requested an exemption from new U.S. restrictions on Russian oil but said no waiver has been granted.
- Treasury sanctions targeting Rosneft and Lukoil are set to take full effect on November 21, raising the risk of secondary penalties for those doing business with the firms.
- European officials and a bipartisan group of U.S. senators warned that a carve-out for Hungary would weaken allied pressure on Moscow and urged an end to dependence on Russian energy.
- The leaders also discussed broader economic and energy cooperation, with the White House signaling possible deliverables and noting recently restored U.S. visa-waiver access for Hungary.
- Orbán has promoted Budapest as a venue for a Trump–Putin meeting to advance Ukraine talks, though a planned summit was put on hold after Russia rejected ceasefire terms.