We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Hungary - the closest ally in the European Union of both Trump and the Kremlin - depends heavily on Russian oil and gas. Alamy

Trump gives Hungary temporary break on Russian oil sanctions following chummy White House visit

The United States hit Russia’s two biggest oil companies with sanctions last month over Putin’s refusal to end the invasion of Ukraine.

LAST UPDATE | 8 Nov

US PRESIDENT DONALD Trump handed Hungarian Prime Minister Viktor Orbán a one-year exemption from sanctions for buying Russian oil and gas after the close right-wing allies held a chummy White House meeting yesterday.

Trump slapped sanctions on Moscow’s two largest oil companies in October after losing patience with Russian President Vladimir Putin over his refusal to end the nearly four-year-old invasion of Ukraine.

But while Trump has pushed other European countries to stop buying oil that he says funds Moscow’s war machine, Orbán used his first trip to the White House since Trump’s return to power to push for special treatment.

As they heaped praise on each other, Trump said he was considering an exemption because landlocked Hungary had to rely on pipelines that made it dependent on Russian oil and gas.

“As you know they don’t have the advantage of having sea,” Trump told reporters.

president-donald-trump-speaks-to-reporters-during-a-meeting-with-hungarys-prime-minister-viktor-orban-center-left-as-vice-president-jd-vance-left-and-secretary-of-state-marco-rubio-right-listen Trump and Orbán pictured during the White House press conference yesterday. Alamy Stock Photo Alamy Stock Photo

Hungarian Foreign Minister Peter Szijjarto said after the meeting that Washington had granted a “full and unlimited exemption from sanctions on oil and gas.”

But a White House official told AFP that Hungary’s exemption was only for one year.

Hungary had meanwhile committed to purchasing US liquified natural gas worth around $600 million, the official said.

‘Miracle’ needed for Ukraine to win

The Hungarian prime minister has maintained close ties with both Moscow and Washington, while often bucking the rest of the EU on pressuring Russia over its invasion of Ukraine.

Orbán offered to host a summit in Budapest between Trump and Putin, although the US leader called it off in October and hit Moscow with sanctions for the first time in his presidency.

At the White House, Orbán pressed his case that Russian energy was vital for Hungary.”Pipeline is not an ideological or political issue. It’s a physical reality because we don’t have port(s),” Orbán said.

Washington has given firms who work with Russian oil giants Rosneft and Lukoil one month to cut ties or face secondary sanctions, which would deny them access to US banks, traders, shippers and insurers.

Orbán also said it would take a “miracle” for Ukraine to beat Moscow, underscoring the gulf between him and other European leaders on the war.

‘Respect Hungary’

Trump meanwhile wholeheartedly backed Orbán on the touchstone issue of migration, saying that the Hungarian’s European Union counterparts should show him more respect.

Orbán has long thumbed his nose at the EU over migration. He has also refused to send military aid to Ukraine and opposes Kyiv’s EU bid, and has had frequent run-ins with Brussels on the rule of law and other issues.

“I think they should respect Hungary and respect this leader very, very strongly because he’s been right on immigration,” Trump told reporters.

Trump, who has carried out a sweeping crackdown on immigration at home, again alleged a link between migrants and crime, which is not backed up by statistics in the United States.

Orbán visited his “dear friend” Trump at his Mar-a-Lago residence in Florida three times last year, but the US president’s return to power has had a mixed effect on Hungary.

Washington has withdrawn sanctions against top Orban aide Antal Rogan and restored the country’s status in a visa waiver scheme.

But Trump’s tariffs against the European Union have hit Hungary’s export-oriented car industry hard, contributing to an already weak economy.

Experts said the meeting with the US president was expected to give at least a “symbolic” win to Orbán , who faces an unprecedented challenge to his 15-year rule ahead of elections next spring amid economic stagnation.

Author
View 127 comments
Close
127 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel

     
    JournalTv
    News in 60 seconds