Prime Minister Magyar's government has pledged to reduce reliance on Russian energy and diversify imports, though the country remains heavily dependent on Moscow's supplies. This diplomatic request marks the first test of bilateral ties since the ouster of Viktor Orban earlier this year. China has criticized the new U.S. law, which also extends trade measures on Iran.
Wednesday, October 21, 2026
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Hungary Requests US Exemption From 100% Tariff On Russian Oil
Geopolitics30 days ago
Budapest is lobbying the Trump administration to withhold penalties for its ongoing crude imports from Moscow. Marton Hajdu, chairman of parliament's foreign policy committee, stated that Hungary has asked for an exemption from American penalties after meeting with U.S. lawmakers. The request follows the passage of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which grants the U.S. president power to impose tariffs of up to 100% on major buyers of Russian oil and gas that make new purchases.
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