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2025-11-10 09:47:02
[Hungary Reaches "Financial Shield" Agreement with the US, Gains Energy Exemption and LNG Orders] 1. Following talks with US President Trump on Sunday, Hungarian Prime Minister Viktor Orbán announced that the two countries had reached a "financial shield" agreement, with the US pledging to provide stability guarantees to Hungary's financial system in the event of external attacks. The White House talks also included Hungary receiving a one-year exemption from energy sanctions against Russia. 2. As part of the agreement, Hungary committed to purchasing approximately $600 million worth of US liquefied natural gas. Orbán told reporters on his return flight that the financial protection agreement would effectively safeguard Hungary's economic and public finance security. 3. Since the outbreak of the Russia-Ukraine conflict in 2022, Hungary has experienced a sharp rise in inflation and three years of economic stagnation, leading to fiscal pressure. This negotiation outcome not only solidifies Orbán's position as a long-time ally of Trump but also provides dual guarantees for Hungary's energy security and financial stability.
