The Prague Post - Trump hosts Hungary's Orban, eyes Russian oil sanctions carve-out

EUR -
AED 4.257664
AFN 73.026624
ALL 96.238144
AMD 437.582231
ANG 2.074968
AOA 1062.937298
ARS 1598.08421
AUD 1.645579
AWG 2.089361
AZN 1.97515
BAM 1.95864
BBD 2.333975
BDT 142.192527
BGN 1.981339
BHD 0.43431
BIF 3442.663586
BMD 1.159146
BND 1.482068
BOB 8.007716
BRL 6.159011
BSD 1.158876
BTN 108.338579
BWP 15.802121
BYN 3.515914
BYR 22719.261378
BZD 2.33067
CAD 1.591566
CDF 2637.057544
CHF 0.913917
CLF 0.027244
CLP 1075.745893
CNY 7.982348
CNH 8.005172
COP 4303.433806
CRC 541.282631
CUC 1.159146
CUP 30.717369
CVE 111.1046
CZK 24.515015
DJF 206.003881
DKK 7.48519
DOP 68.390029
DZD 152.108556
EGP 59.995792
ERN 17.38719
ETB 182.160246
FJD 2.566871
FKP 0.868268
GBP 0.86899
GEL 3.147128
GGP 0.868268
GHS 12.640533
GIP 0.868268
GMD 85.201694
GNF 10174.408376
GTQ 8.876835
GYD 242.454744
HKD 9.082315
HNL 30.787368
HRK 7.547552
HTG 152.028504
HUF 393.739159
IDR 19654.711213
ILS 3.60393
IMP 0.868268
INR 109.016
IQD 1518.481245
IRR 1525001.44174
ISK 144.047519
JEP 0.868268
JMD 182.063242
JOD 0.82188
JPY 184.581294
KES 150.229726
KGS 101.364887
KHR 4648.175821
KMF 494.955743
KPW 1043.174412
KRW 1744.874492
KWD 0.35536
KYD 0.965713
KZT 557.135552
LAK 24904.251971
LBP 103801.523689
LKR 361.50269
LRD 212.558441
LSL 19.717515
LTL 3.422657
LVL 0.701156
LYD 7.395793
MAD 10.850191
MDL 20.181528
MGA 4833.639175
MKD 61.634787
MMK 2433.943509
MNT 4137.774242
MOP 9.354025
MRU 46.516967
MUR 53.904625
MVR 17.920835
MWK 2013.436982
MXN 20.747095
MYR 4.565921
MZN 74.073751
NAD 19.508864
NGN 1572.092184
NIO 42.564277
NOK 11.093021
NPR 173.341379
NZD 1.985179
OMR 0.442313
PAB 1.158896
PEN 4.032714
PGK 4.997948
PHP 69.723065
PKR 323.63785
PLN 4.282755
PYG 7568.943802
QAR 4.224512
RON 5.101986
RSD 117.884032
RUB 96.003268
RWF 1691.193997
SAR 4.352659
SBD 9.33305
SCR 16.654324
SDG 696.647132
SEK 10.831104
SGD 1.486377
SHP 0.86966
SLE 28.486057
SLL 24306.724357
SOS 662.456177
SRD 43.45349
STD 23991.981659
STN 24.939026
SVC 10.139705
SYP 128.393177
SZL 19.508855
THB 38.008825
TJS 11.130786
TMT 4.068602
TND 3.372
TOP 2.790945
TRY 51.328032
TTD 7.862368
TWD 37.135217
TZS 2998.321243
UAH 50.766603
UGX 4380.333447
USD 1.159146
UYU 46.697721
UZS 14135.785719
VES 527.05282
VND 30499.449254
VUV 137.980492
WST 3.180888
XAF 656.918161
XAG 0.017031
XAU 0.000257
XCD 3.13265
XCG 2.08852
XDR 0.81819
XOF 661.296951
XPF 119.331742
YER 276.576393
ZAR 19.853279
ZMK 10433.709028
ZMW 22.627107
ZWL 373.244535
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • BCC

    -1.5600

    68.3

    -2.28%

  • BCE

    0.0600

    25.79

    +0.23%

  • NGG

    -3.5400

    81.99

    -4.32%

  • VOD

    -0.0900

    14.33

    -0.63%

  • GSK

    -0.5300

    51.84

    -1.02%

  • RYCEF

    -0.6100

    15.99

    -3.81%

  • RELX

    -0.4600

    33.36

    -1.38%

  • RIO

    -2.5000

    83.15

    -3.01%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • BTI

    -1.3500

    57.37

    -2.35%

  • AZN

    -5.3300

    183.6

    -2.9%

  • JRI

    -0.3900

    11.77

    -3.31%

  • BP

    -1.0800

    44.78

    -2.41%

Trump hosts Hungary's Orban, eyes Russian oil sanctions carve-out
Trump hosts Hungary's Orban, eyes Russian oil sanctions carve-out / Photo: SAUL LOEB - AFP

Trump hosts Hungary's Orban, eyes Russian oil sanctions carve-out

US President Donald Trump said he would consider giving Hungary a carve-out from sanctions on Russian oil, as Prime Minister Viktor Orban sought to cozy up to his right-wing ally at the White House on Friday.

Text size:

Nationalist Orban's visit was his first since Trump's return to power, and comes after his country offered to host a Ukraine summit between the US leader and Russian President Vladimir Putin, which has now been called off.

"We are looking at it because it is very difficult for him to get the oil and gas from other areas. As you know they don't have the advantage of having sea," Trump told reporters.

The United States hit Russia's two biggest oil companies with sanctions last month as Trump's frustration with Putin's refusal to end the nearly four-year-old invasion of Ukraine mounted.

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 has often bucked the rest of the European Union on pressuring Russia over its invasion of Ukraine, said that Russian energy was vital for his country.

- 'Achieve results' -

The Hungarian leader said he would explain to Trump the "consequences" for Hungarian people without Russian oil and gas.

"Because we are supplied by pipelines. Pipeline is not an ideological or political issue. It's a physical reality because we don't have port(s)," Orban said.

Orban -- who was accompanied by a large delegation that includes six ministers -- said before the meeting that "I have to achieve results" on the oil sanctions.

Experts say the meeting with the US president was 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.

Trump told European Union leaders to show more respect to Orban, who has thumbed his nose at them over migration.

"I think they should respect Hungary and respect this leader very, very strongly because he's been right on immigration," Trump told reporters.

Trump, who has carried out a sweeping crackdown on immigration at home, again alleged a link between migrants and crime, which is not backed up by statistics in the United States.

- 'Dear friend' -

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.

burs-dk/bgs

Q.Pilar--TPP