US EditionHungary has financial shield agreement with Washington, Orban says
- On Friday, Viktor Orban, Prime Minister of Hungary, met Donald Trump, U.S. President, at the White House in Washington, D.C. and secured a financial shield agreement to protect Hungary's economy.
- Facing economic strain since 2022, Hungary sought relief as its economy stagnated following Russia's full-scale invasion of Ukraine in 2022 and the European Union suspended billions in funding.
- The deal includes energy commitments and a sanctions reprieve as Orban said Hungary secured a one-year exemption from U.S. sanctions on Russian energy and a White House official confirmed $600m in U.S. liquefied natural gas contracts.
- On Sunday, Orban told reporters the U.S. pledged protection, stating `I have also made an agreement with the U.S. President on a financial shield` that should prevent financing problems.
- Critics say the deal lets Orban sidestep EU pressure as he faces a possible tight election next year and said, `That Hungary or its currency could be attacked, or that the Hungarian budget could be put in difficult situation... this should be forgotten`.
26 Articles
26 Articles
The Americans provided a financial shield, which Lázár says is necessary because of Brussels' blackmail.
"If there are external attacks on Hungary or its financial system, the Americans have given their word that in such a case they would defend Hungary's financial stability," says Hungary's Prime Minister after a conversation with US President Trump.
The Epoch Times
The Political InsiderHungary PM Says He Secured ‘Financial Shield’ Agreement With US
Hungary recently struck an agreement with the United States that Prime Minister Viktor Orban says will provide Hungary a “financial shield” to safeguard the country from any financing problems. The deal followed a meeting between Orban and President Donald Trump at the White House on Nov. 7 to discuss sanction relief on Russian oil and gas. The United States granted Hungary a one-year exemption from those sanctions following the meeting. “I have…
Orban: Hungary has financial shield agreement with Washington | Honolulu Star-Advertiser
BUDAPEST >> Hungary has secured an agreement with Washington on a “financial shield” to protect its economy and public finances, Prime Minister Viktor Orban said after talks with President Donald Trump.
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