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U.S. Grants Hungary One-Year Waiver From Sanctions on Russian Energy

The White House tied the waiver to roughly $600 million in U.S. LNG contracts, reflecting Hungary’s deep reliance on Russian supply.

Overview

  • A White House official confirmed the United States approved a one-year exemption after Viktor Orbán pressed the case in a meeting with President Trump.
  • Hungary committed to about $600 million in U.S. liquefied natural gas purchases as part of the understanding.
  • Orbán said the waiver covers flows via the TurkStream and Druzhba pipelines, a scope U.S. officials have not detailed publicly.
  • IMF figures show Hungary obtained 74% of its gas and 86% of its oil from Russia in 2024, highlighting the economic risk of losing those supplies.
  • Discussion of a TrumpPutin meeting in Budapest remains on hold after Moscow rejected a ceasefire, with Trump saying he will not meet without signs Russia will stop fighting.