Overview
- The president said Viktor Orban asked to exclude Hungary from U.S. restrictions on purchases of Russian oil, but no approval has been given.
- Orban is seeking carve-outs that would allow continued imports of Russian oil and gas tied to long-term supply contracts.
- He plans to press the case in Washington during a Nov. 7 meeting with President Donald Trump.
- The U.S. Treasury on Oct. 22 sanctioned Rosneft, Lukoil and 34 subsidiaries, with the measures set to take full effect on Nov. 21.
- Russian officials, including President Vladimir Putin, have asserted the sanctions will not significantly harm the country’s economy.