Overview
- President Trump told reporters that Viktor Orban asked for an exemption, and he confirmed the United States has not granted one.
- Orban plans a Washington visit on Nov. 7 for a bilateral meeting where he intends to press for exemptions.
- The U.S. Treasury designated Rosneft, Lukoil and 34 subsidiaries on Oct. 22, with measures carrying secondary-sanctions risk set to fully take effect on Nov. 21.
- Hungary continues to rely on Russian pipeline oil and argues rapid replacement would risk an economic crisis.
- U.S. officials have urged Budapest to prepare a plan to reduce reliance on Russian supply, with offers to coordinate alternatives through neighbors such as Croatia.