Szijjarto announced the indefinite US exemption of Hungary from sanctions

Hungary has received indefinite exemption from US sanctions on oil and gas supplies from Russia. This was announced on November 8 by Hungarian Foreign Minister Peter Szijjarto.

"Hungary has received indefinite exemption from sanctions," Szijjarto told reporters on board a plane en route from Washington to Budapest.

The minister also noted that those who claim otherwise were not present at the talks between American leader Donald Trump and Hungarian Prime Minister Viktor Orban.

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What is the reason and how can it affect the market?

Earlier, on November 7, Orban announced that the United States had completely exempted Hungary from restrictive measures on Russian energy supplies via the Turkish Stream and the Druzhba pipeline. In addition, he added that Hungary has agreed with the American Westinghouse on the purchase of nuclear fuel.

On the same day, Szijjarto called the ongoing discussions between the Hungarian state energy group (MVM) and the American side on the purchase of LNG "advanced". According to him, if the contract is signed, 400 million cubic meters will be delivered to Hungary. m per year.

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