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Hungary Asks US to Withhold Penalties for Russian Oil Purchases
Source: Bloomberg
Sanctions & Export ControlsEnergy Markets & PricesGeopolitics & WarElections & Domestic Politics
Hungary is lobbying the US to avoid penalties over its continued purchases of Russian crude oil, creating a test for bilateral relations following Viktor Orban's ouster earlier this year. The outcome could affect Hungary's energy supply arrangements and the enforcement credibility of US sanctions targeting Russian oil trade.
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