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Russia

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Russia to Increase Gas Exports to Hungary Ahead of Winter

D&T
Oct 27, 2023

In the wake of a meeting between Hungarian Prime Minister Viktor Orbán and Russian President Vladimir Putin, Gazprom, the state-owned Russian energy giant, has announced its intentions to bolster natural gas shipments to EU-member Hungary. This decision has come at a time when the European Union (EU) is actively striving to reduce its dependency on […]

Putin and Orbán Reaffirm Bilateral Ties Amid Ukraine Tensions

D&T
Oct 20, 2023

Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orbán have underlined their commitment to bilateral relations amidst escalating international tensions stemming from the ongoing conflict in Ukraine. This reaffirmation of ties occurred during their recent encounter at an international forum held in China. Viktor Orbán became the first European Union leader to publicly shake […]

Republican senator blocks arms sale to Hungary over Sweden’s NATO bid

D&T
Jun 16, 2023

A top Republican senator is blocking an arms deal between the US and Hungary over the latter’s delay of ratifying Sweden NATO accession. The move is testament to the continuous souring of relations between Washington and Budapest due to Hungary’s stance over the war in Ukraine. Senator James E. Risch, the top Republican on the […]

Hungary imposes temporary ban on Ukrainian agricultural products

D&T
Apr 21, 2023

Hungary’s government announced a ban on the import of grain, oilseeds, and several other products from Ukraine and later expanded the list of banned items, citing market pressures on Hungarian farmers. Budapest called for "progressive" aid from the EU to help move Ukrainian grain through central European countries where farmers are competing with cheaper imports. […]

Hungary’s Rift with US Deepens over “Spy Bank” Issue

D&T
Apr 14, 2023

Hungary’s deteriorating relations with the US took a turn for the worse as Washington announced a series of sanctions against Russia that also affected Hungary. This was the first time since the start of the war in Ukraine that an entity based in Hungary, a NATO and EU member, was sanctioned. Meanwhile, Prime Minister Viktor […]

Hungary Rejects EU support plan for Ukraine

D&T
Nov 11, 2022

Hungary opened a new front in its ongoing standoff with the European Union when it said it would not support the bloc’s plan for a support package for war-torn Ukraine. Hungary’s move comes as the government of Prime Minister Viktor Orbán is running a popular campaign against EU sanctions on Russia. The European Union this […]

Hungarian Foreign Minister in Moscow to ask for more Russian gas

D&T
Jul 22, 2022

Hungary’s Foreign Minister Péter Szijjártó travelled to Moscow to negotiate more gas imports from Russia as Hungary braces for a tumultuous winter heating season. Hungary has been a vocal critic on the European Union’s embargo on Russian energy sources, saying a swift decoupling from Russian energy would undermine the country’s economy. Hungary’s foreign minister arrived […]

Hungary Wins Exemption from EU Embargo of Russian Oil

D&T
Jun 3, 2022

Hungarian Prime Minister Viktor Orbán was granted a near-total exemption from the European Union’s embargo on Russian oil. Although the premier hails it as a great victory achieved in Brussels, the exemption may only deepen the rift between the bloc and Hungary. EU leaders agreed this week to grant Hungary a near-total exemption from a […]

Hungary Upholds Refusal of Russian Oil Ban amid Growing EU

D&T
May 13, 2022

Hungary is opposing the European Union’s proposal for a gradual ban on Russian oil imports, with Budapest claiming the plan would be equivalent to dropping an A-bomb on the country’s economy. Meanwhile, tensions are on the rise within the bloc as a handful of dissenting member states are holding up action on a new package […]

OTP Group Supports its Ukrainian Bank

D&T
Mar 18, 2022

"OTP Group is supporting Ukraine using all means available to us. We are working under wartime conditions to keep the country's financial infrastructure, and thereby the economy as a whole, operational," the Group said in a statement this Friday. In addition to maintaining the operations of the Group's subsidiary in Ukraine, "we are contributing to […]

Hungarian PM Sees Solution to Russia’s “Security Demands”

D&T
Feb 4, 2022

Hungarian Prime Minister Viktor Orbán concluded extensive talks with Russian President Vladimir Putin in Moscow this week as tensions simmer between Russia and the West. The Hungarian premier stressed that proposed sanctions against Moscow would be “pointless” and offered that the gap between Russia’s “security demands” and NATO members’ willingness can be bridged. After nearly […]

Hungary and Ukraine Spar Over Russian Gas Supplies

D&T
Oct 1, 2021

Hungary and Ukraine became embroiled in a bitter dispute over Hungary’s long-term natural gas supply agreement with Russia. The two countries issued stern statements as the diplomatic squabble escalated. Governments in Kyiv and Budapest are embroiled in a political standoff after Hungary signed an agreement with Russia on long-term natural gas supply. The dispute ensued […]

Russian President Vladimir Putin at Budapest's Heroes Square | Zoltán Máthé / MTI

Putin visits Hungary

D&T
Feb 17, 2015

Russian President Vladimir Putin paid a visit to Budapest on Tuesday, an event widely seen by analysts as a demonstration that - despite Russian aggression in Ukraine - he has found a NATO and EU member that is still willing to receive him.

Cauliflower harvest in Tömörkény

Russian embargo: negligible effect on Hungary

D&T
Aug 12, 2014

The Hungarian Ministry of Agriculture says direct effects of the Russian measures on Hungarian agricultural exports are negligible, and primarily cause actual difficulties only to enterprises that export exclusively or to a major extent to Russia.

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