Trump hands Viktor Orbán a win as Hungary locks exemption for Russian energy imports
White House sources say exemption for Budapest to continue buying Russian oil will apply for a year. The move represents a political win for Orbán heading into an election in April, with the Hungarian economy in dire straits. Low energy prices could be a determining factor in the campaign.
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00:01Hungary's Prime Minister Viktor Orban has announced that US President Donald Trump will exempt his country from sanctions for their continued imports of Russian energy.
00:11Washington had previously warned of heavy sanctions for countries who continue to buy Russian oil and gas, but Orban argued that Hungary was in a unique situation.
00:21We agreed to exempt the landlocked European nation from sanctions for one year.
00:45Trump agreed to exempt the landlocked European nation from sanctions for one year.
00:50The Hungarian Premier also announced that his meeting with Trump reached a deal on acquiring US liquefied natural gas worth around 600 million dollars.
01:00He also shared that they've reached an agreement for Budapest to begin purchasing US nuclear fuel, as well as boost nuclear energy collaboration.
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