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Hungary Can Quit Russia Gas, Reviews Nuclear Deal, Minister Says
Source: Bloomberg
Energy Markets & PricesTrade Policy & Supply ChainGeopolitics & WarRegulation & Legislation
Hungary's energy minister said the country can comply with EU rules requiring a complete phaseout of Russian gas within one year, marking a significant reversal from former Prime Minister Viktor Orban's energy policy. The shift could reduce Hungary's dependence on Russian energy supplies and advance EU efforts to diversify gas sourcing, though implementation risks and replacement-supply costs remain.
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