Mol Floats Shift Away From Russian Oil Before Orban Meets Trump

Bloomberg•Friday, November 7, 2025 at 9:45:52 AM

Mol Floats Shift Away From Russian Oil Before Orban Meets Trump

Hungary's sole oil refiner, Mol, has announced a significant shift in its sourcing strategy, stating that it can now procure most of its crude from non-Russian sources. This change comes just before a crucial meeting between US President Donald Trump and Hungarian Prime Minister Viktor Orban, where discussions on Russian oil sanctions are expected to take center stage. This move not only reflects Hungary's commitment to diversifying its energy supply but also aligns with broader international efforts to reduce dependence on Russian oil, making it a noteworthy development in the context of global energy politics.

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