Russian crude is essential for the Hungarian economy due to the country’s landlocked geographical position, Viktor Orban has said
Hungarian Prime Minister Viktor Orban has announced his intention to persuade US President Donald Trump to grant Budapest an exemption from the latest sanctions on Russian oil companies during his visit to Washington next week.
Last week, the US administration introduced restrictions against Russian energy majors Rosneft and Lukoil, alleging a lack of commitment by Moscow to the Ukraine peace process. Hungary, along with neighboring Slovakia, remains particularly exposed to the curbs as most of its crude imports arrive from Russia via pipeline due to lack of access to seaborne shipments.
Speaking on state radio on Friday, Orban reiterated that landlocked Hungary has no viable alternatives to Russian crude, and that replacing it would push the country toward an economic crisis.
“We have to make them [the US administration] understand this strange situation if we want exceptions to the American sanctions that are hitting Russia,” Or