Tuesday, 02 January 2024 12:17 GMT

Trump weighs exemption for Hungary on Russian oil purchases


(MENAFN) US President Donald Trump indicated on Friday that he is contemplating a special waiver allowing Hungary to keep importing Russian oil without risking US secondary sanctions.

"We're looking at it, because it's 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 ... they don't have the ports," Trump said when asked by a reporter during a meeting with Hungarian Prime Minister Viktor Orban at the White House.

He added, "That question could be really asked, maybe more accurately, if you talked about many European countries, not Hungary necessarily, because Hungary is in a different position, but many European countries are buying oil and gas from Russia, and they have been for years."

Earlier in October, the Trump administration imposed sanctions on Russia’s top two oil firms, Rosneft and Lukoil, along with dozens of their subsidiaries, aiming to intensify pressure on Moscow and encourage a resolution to the ongoing war in Ukraine.

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