Zürcher Nachrichten - Hungary's Orban to meet Trump in face of Russia oil sanctions

EUR -
AED 4.294468
AFN 75.419858
ALL 95.448692
AMD 439.113824
ANG 2.093525
AOA 1072.301838
ARS 1602.905228
AUD 1.66008
AWG 2.104846
AZN 1.997743
BAM 1.949645
BBD 2.351676
BDT 143.447172
BGN 1.95679
BHD 0.441005
BIF 3470.644018
BMD 1.169359
BND 1.487803
BOB 8.06853
BRL 5.85182
BSD 1.167614
BTN 108.317069
BWP 15.675516
BYN 3.351221
BYR 22919.428919
BZD 2.348287
CAD 1.620532
CDF 2689.524338
CHF 0.925775
CLF 0.02659
CLP 1046.505611
CNY 7.984435
CNH 7.986965
COP 4263.224263
CRC 540.394107
CUC 1.169359
CUP 30.988003
CVE 109.918015
CZK 24.368285
DJF 207.923635
DKK 7.47271
DOP 70.308055
DZD 154.510526
EGP 62.137192
ERN 17.540379
ETB 183.214935
FJD 2.590014
FKP 0.868756
GBP 0.87188
GEL 3.145736
GGP 0.868756
GHS 12.849437
GIP 0.868756
GMD 85.889311
GNF 10244.660092
GTQ 8.931804
GYD 244.278871
HKD 9.158837
HNL 31.010109
HRK 7.538268
HTG 153.096711
HUF 367.189122
IDR 20020.881244
ILS 3.577284
IMP 0.868756
INR 109.185935
IQD 1529.571514
IRR 1539022.111217
ISK 143.211203
JEP 0.868756
JMD 184.60724
JOD 0.829109
JPY 186.631961
KES 151.139344
KGS 102.260563
KHR 4674.244543
KMF 491.130996
KPW 1052.420626
KRW 1739.672358
KWD 0.361285
KYD 0.973028
KZT 551.768202
LAK 25748.71754
LBP 104563.717691
LKR 368.486777
LRD 214.841797
LSL 19.156827
LTL 3.452812
LVL 0.707333
LYD 7.422569
MAD 10.852641
MDL 20.117494
MGA 4845.703289
MKD 61.673671
MMK 2456.545701
MNT 4179.294895
MOP 9.419266
MRU 46.669675
MUR 54.399067
MVR 18.077958
MWK 2024.608801
MXN 20.33041
MYR 4.647617
MZN 74.791823
NAD 19.156827
NGN 1588.971104
NIO 42.964372
NOK 11.133639
NPR 173.306912
NZD 2.006772
OMR 0.449619
PAB 1.167614
PEN 3.94066
PGK 5.054046
PHP 70.570424
PKR 325.673328
PLN 4.25212
PYG 7551.162809
QAR 4.256762
RON 5.091271
RSD 117.383721
RUB 90.122146
RWF 1705.117358
SAR 4.383064
SBD 9.422865
SCR 17.423728
SDG 702.7848
SEK 10.90269
SGD 1.492131
SHP 0.873044
SLE 28.795442
SLL 24520.889282
SOS 667.293516
SRD 43.791284
STD 24203.362473
STN 24.422903
SVC 10.216748
SYP 129.24983
SZL 19.161512
THB 37.712938
TJS 11.098066
TMT 4.098602
TND 3.41183
TOP 2.815534
TRY 52.29201
TTD 7.923986
TWD 37.182081
TZS 3035.133447
UAH 50.72936
UGX 4320.361666
USD 1.169359
UYU 47.111281
UZS 14198.179788
VES 556.425033
VND 30802.075365
VUV 137.892523
WST 3.197599
XAF 653.892819
XAG 0.015699
XAU 0.000247
XCD 3.16025
XCG 2.104357
XDR 0.813233
XOF 653.892819
XPF 119.331742
YER 277.313525
ZAR 19.33704
ZMK 10525.633422
ZMW 22.213876
ZWL 376.532998
  • RBGPF

    -13.5000

    69

    -19.57%

  • GSK

    -0.1500

    58.21

    -0.26%

  • CMSC

    0.0400

    22.43

    +0.18%

  • RELX

    -0.0400

    33.3

    -0.12%

  • AZN

    -0.9600

    204.03

    -0.47%

  • NGG

    -0.0300

    90.29

    -0.03%

  • BTI

    -0.0400

    58.81

    -0.07%

  • RIO

    1.1300

    98.26

    +1.15%

  • BP

    0.5400

    46.44

    +1.16%

  • BCE

    -0.5400

    23.35

    -2.31%

  • RYCEF

    -0.2700

    16.96

    -1.59%

  • CMSD

    0.0400

    22.63

    +0.18%

  • VOD

    -0.1600

    15.69

    -1.02%

  • BCC

    -0.4100

    80.17

    -0.51%

  • JRI

    0.0400

    13.02

    +0.31%

Hungary's Orban to meet Trump in face of Russia oil sanctions
Hungary's Orban to meet Trump in face of Russia oil sanctions / Photo: ZOLTAN FISCHER - X ACCOUNT OF HUNGARY'S PRIME MINISTER VIKTOR ORBAN/AFP

Hungary's Orban to meet Trump in face of Russia oil sanctions

Hungary's nationalist Prime Minister Viktor Orban is due to meet his ally Donald Trump in Washington on Friday, for the first time since the American president's re-election, as he seeks a waiver on US sanctions on Russian oil.

Text size:

The United States hit Russia's two biggest oil producers with sanctions last month, the first such measures targeting Moscow since Trump returned to the White House, in a bid to end the war in Ukraine.

Hungary -- the closest ally in the European Union of both Trump and the Kremlin -- depends heavily on Russian oil and gas despite EU efforts to wean itself off.

Orban -- who will be accompanied by a large delegation, including six ministers -- has said he would seek a sanctions waiver on Russian energy, deeming Trump made a mistake "from the Hungarian point of view".

"I will soon be in Washington to discuss this with President Trump," Orban told Italy's La Repubblica daily in a recent interview.

"We are discussing how to build a sustainable system for my country's economy, because Hungary depends very much on Russian oil and gas. Without them, energy prices will skyrocket, causing shortages in our reserves."

The two are also expected to discuss the war in Ukraine. Budapest had been tapped last month to host a US-Russia summit but Trump called it off before a date was set.

Experts say the meeting with the US president is expected to give at least a "symbolic" win to Orban, who faces an unprecedented challenge to his 15-year rule ahead of elections next spring amid economic stagnation.

- Mixed bag -

"Since President Trump's re-election, new perspectives have opened up in Hungarian-American relations," Orban said on social media Thursday before leaving for Washington, hailing a "new chapter".

Orban 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.

Daniel Hegedus, central Europe director at the German Marshall Fund (GMF), said Trump could eventually show some flexibility on Orban's request on the oil sanctions.

Washington has given firms who work with sanctioned 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.

"There surely will be some kind of symbolic result that can be communicated by both parties" after their meeting, Hegedus told AFP, adding that Trump has "already proved he is willing to help out his ideological allies".

"I expect Trump will give a victory to Orban that he can sell at home and strengthens his position, as the administration actively supports political forces that divide the EU," he said.

Orban -- who has refused to send military aid to Ukraine and opposes Kyiv's EU bid -- has had frequent run-ins with Brussels on rule-of-law and other issues.

T.L.Marti--NZN