MARKET STRUCTURE · USA

Trump hints at easing Russian oil sanctions on Hungary, says Russia-Ukraine war "taking a big toll on Moscow"

Economic Times 7 Nov 2025 · 11:00 PM
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US President Donald Trump is contemplating an exemption for Hungary from Russian oil sanctions to assist in securing energy supplies. This matters as Hungary's reliance on Russian energy poses significant economic challenges amid the ongoing Russia-Ukraine conflict.
Trump hints at easing Russian oil sanctions on Hungary, says Russia-Ukraine war "taking a big toll on Moscow"
Why it matters
During a recent meeting, US President Donald Trump indicated he might grant Hungary an exemption from sanctions on Russian oil, aimed at helping the nation secure its energy needs. Hungarian Prime Minister Viktor Orban has expressed concerns over Hungary's heavy reliance on Russian oil and gas, which has been exacerbated by the sanctions imposed by the US following Russia's withdrawal from peace talks regarding Ukraine. Trump acknowledged Hungary's geographical challenges, noting its lack of access to seas and ports, which complicates its energy supply situation. The discussion also touched on the broader implications of the Russia-Ukraine conflict, with both leaders acknowledging the difficulties faced by Russia. Orban praised Trump's efforts to restore US-Hungary relations, which he claimed had deteriorated under the previous administration. However, the White House has not yet provided a timeline for a final decision on Hungary's exemption request.
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