Overview
- Hungarian Prime Minister Viktor Orbán met President Trump at the White House to discuss Ukraine, trade and energy as Washington approved a one-year waiver for continued use of Russian oil and gas.
- Hungary agreed to buy U.S. liquefied natural gas, with contracts expected to total about $600 million, according to the State Department.
- The two countries announced planned nuclear cooperation that includes Hungary purchasing American nuclear fuel, which it currently sources from Russia.
- Trump said a meeting with Vladimir Putin in Budapest remains possible after a previously planned summit was canceled over Russia’s hardline war demands.
- IMF data underscore Hungary’s dependence on Russian supplies, with roughly 74% of its gas and 86% of its oil coming from Russia in 2024.