Hungary Scrambles To 'Circumvent' US Sanctions On Russian Oil Majors

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Orbán wants to avoid Trump's pressure on Russia's economy. Washington does not want to accept this: Hungary must bow to the sanctions.

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US sanctions have blocked the supply of crude oil to the Oil Industry of Serbia (NIS). The only refinery in the country is threatened with closure, despite full fuel stocks until the end of the year.

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Igor Yushkov, thirty-eight years old in January. Chief analyst of Moscow National Energy Security Fund

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American sanctions prevented NIS from receiving a shipment of crude oil that could have bought it additional time for the Pancevo refinery, reports Reuters.