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NATGAS: Hungary Receives Gazprombank Sanctions Suspension

NATGAS
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Hungary negotiated a 3-month suspension on the U.S. sanctions imposed on Russia’s Gazprombank for gas payments Prime Minister Viktor Orban said on Friday via Facebook.

  • Hungary has managed to agree with Russia on an alternative way of payment to continue uninterrupted flows, Orban added possibly referring to a workaround once sanctions return.
  • Hungarian Foreign Minister Peter Szijjarto reported the news via his Facebook on Thursday but did not say the duration but said they were discussing workarounds.
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Hungary negotiated a 3-month suspension on the U.S. sanctions imposed on Russia’s Gazprombank for gas payments Prime Minister Viktor Orban said on Friday via Facebook.

  • Hungary has managed to agree with Russia on an alternative way of payment to continue uninterrupted flows, Orban added possibly referring to a workaround once sanctions return.
  • Hungarian Foreign Minister Peter Szijjarto reported the news via his Facebook on Thursday but did not say the duration but said they were discussing workarounds.