Overview
- President Donald Trump told reporters he is “looking at” an exemption for Hungary during a Nov. 7 White House meeting with Prime Minister Viktor Orbán.
- New U.S. sanctions target Rosneft and LUKOIL and carry secondary‑sanctions risks for buyers, with enforcement slated to begin Nov. 21.
- Orbán argued Hungary’s landlocked, pipeline‑dependent system leaves few alternatives and said the request is vital for the Hungarian economy.
- Hungarian officials floated offers to buy U.S. nuclear fuel and technology and discuss broader energy deals, with Budapest saying a significant nuclear cooperation agreement is planned.
- Trump said a Budapest meeting with Vladimir Putin remains possible after last month’s cancellation, while Ukraine urged that any talks deliver real progress rather than political theater.