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Hungary PM Orban to discuss oil sanctions with Trump next week

  • Viktor Orbán will meet Trump next week to discuss shielding Hungary from US sanctions on Russian oil, Péter Szijjártó said, `in the second half of next week.`
  • The EU announced a transaction ban on Rosneft and Gazprom Neft and plans to phase out Russian LNG by 2027, while the U.S. sanctions Lukoil and Rosneft.
  • Budapest remains highly dependent on Russian energy, and Bloomberg said Hungary still sources most oil and gas from Russia despite deals with Engie and talks on Turkmenistan, while Orbán discussed sanctions with MOL.
  • U.S. officials rejected Hungary's geography argument and said Washington will work with Croatia and neighbors to help Budapest come up with and execute a plan to reduce Russian energy reliance.
  • Orbán's government maintains that switching from Russian energy risks higher costs and price instability ahead of next year’s elections, and Viktor Orbán said Budapest seeks to `circumvent` sanctions while discussing `how to build a sustainable system` with President Donald Trump.
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telex.hu broke the news in on Monday, October 27, 2025.
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