Hungary secures ‘full exemption’ from US sanctions on Russian oil – Orban

Hungary's recent achievement of a full exemption from U.S. sanctions on Russian oil marks a pivotal moment for the nation, as Prime Minister Viktor Orban emphasized the importance of this exemption in maintaining the lowest energy prices in the EU. This development not only underscores Hungary's strategic energy policies but also reflects the broader geopolitical dynamics surrounding energy supplies in Europe. As the EU grapples with energy security amid ongoing tensions with Russia, Hungary's ability to secure favorable terms for its energy needs could serve as a model for other member states. The implications of this exemption extend beyond Hungary, potentially influencing energy prices and policies across the region.