blog-icon
search-icon
Home/ world/
Hungary to Keep Paying for Russian Gas via OTP Bank
world

Hungary to Keep Paying for Russian Gas via OTP Bank

Hungary will still settle payment for Russian gas via its biggest commercial bank, OTP after the Kremlin extended a decree allowing the practice. The unveiling was announced by Hungarian Foreign Minister Peter Szijjarto through social media on Thursday.
 

Hungary to Keep Paying for Russian Gas via OTP Bank
By Oskar Malec | Last Updated: 26 Jun 2025
“This will enable us to ensure gas supplies in the future,” Szijjarto added, noting that talks are taking place in Turkey to guarantee long-term access to low-cost Russian energy.

Continued engagement with the Russian oil industry
Szijjarto has had regular contact with Russian officials. He met in June with high-ranking officials, including Russia’s Deputy Prime Ministers Denis Manturov and Alexander Novak, Rosatom CEO Alexey Likhachev, and Gazprom CEO Alexey Miller.
Hungary sticks to its energy strategy despite forthcoming EU rules.

Hungary Resists as EU Agrees on Aim to Ban Gas
New European Union rule will end Russian gas imports — including liquefied natural gas, or LNG, shipments — on January 1, 2026. For landlocked nations, such as Hungary, the deadline is even longer—early 2028.

Hungary is against a proposed EU ban, saying it would drive up energy costs and endanger the EU’s long-term energy security. The country is also working to secure stable and cheap supplies and is actively cooperating with Russia.

 

  • PREV NEWS

    Orban Rejects EU Appeal Over Budapest Pride Ban

  • NEXT NEWS

    Experts Say Russia’s Abduction of Ukrainian Children Is a War Crime

    • Related Posts

    Polish Coal Miners Protest Underground Before Christmas

    Polish Coal Miners Protest Underground Before Christmas

    About 30 – 40 coal miners employed at the "Silesia" coal mine in southern Poland have decided to hold an underground protest as they do not want to exit the mine prior to Christmas. The protests are a result of the job cuts, but also because the miners do not qualify for any of the new protections granted under the Polish Mining Act, which was signed into law last week, and therefore have no legal recourse for their grievances.

    Poland Deports Nearly 180 Foreigners in One Week

    Poland Deports Nearly 180 Foreigners in One Week

    According to the Polish Border Guard, during the week from December 15 to December 21, nearly 180 foreign nationals were requested to leave Poland voluntarily or were forcibly removed from Poland. This was part of Poland's immigration enforcement activities, as well as a measure to protect public safety.

    Two Arrested After Tram Attack in Poznań

    Two Arrested After Tram Attack in Poznań

    Two Polish men are in custody on suspicion of committing hate crimes following an alleged violent attack against a Ukrainian couple riding the tram in Poznań. This case was highlighted as a result of a video recording showing the incident, and it went viral on social media before police took action after receiving no formal complaint from the alleged victims of the attack on the tram.

    Poles Less Willing to Defend Their Country

    Poles Less Willing to Defend Their Country

    According to a recent survey, the number of Poles who would be willing to fight for the country if Poland were to be threatened by war has decreased. Overall, the current results indicate a marked decline in confidence and an increase in uncertainty amongst the Polish population.

    US Peace Plan for Ukraine Sparks Global Reactions

    US Peace Plan for Ukraine Sparks Global Reactions

    Following reports that the White House had produced a 28-point peace plan for Ukraine without European participation, there was a surge in diplomatic activity. Many countries supporting Ukraine expressed concern over this proposed plan when their leaders met for the G20 summit. The proposed plan seemed to reflect certain long-standing demands from Russian President Vladimir Putin. At the same time, there was an effort by these allies to support U.S. President Donald Trump's stated effort to bring about a peaceful resolution to the conflict in Ukraine.
     

    German Holocaust Artifact Auction Cancelled After Polish Outcry

    German Holocaust Artifact Auction Cancelled After Polish Outcry

    An auction in Germany planned to feature hundreds of items relating to Holocaust victims was cancelled due to outrage expressed by Polish officials. The items being auctioned included artefacts from occupied Poland, which drew condemnation from cultural institutions, Jewish groups, and government officials.

    Advertisement

    LATEST INSIGHTS

    Potrzebujemy chwili Twojej uwagi

    Uwielbiamy pliki cookie — zarówno te jadalne, jak i cyfrowe, które ulepszają Twoje wrażenia z przeglądania. Pomagają nam one udoskonalać funkcjonalność naszej witryny i Twoje ogólne wrażenia. Podstawowe i funkcjonalne pliki cookie są niezbędne do prawidłowego działania witryny i nie można ich wyłączyć. Ponadto używamy plików cookie w celu optymalizacji wydajności („komfort”) i wyświetlania spersonalizowanych reklam („marketing”), na co potrzebujemy Twojej zgody. Kliknij „Zezwól na wszystkie”, aby wyrazić zgodę na przetwarzanie danych. Uwielbiamy pliki cookie — zarówno te jadalne, jak i cyfrowe, które ulepszają Twoje wrażenia z przeglądania. Pomagają nam one udoskonalać funkcjonalność naszej witryny i Twoje ogólne wrażenia z przeglądania. Podstawowe i funkcjonalne pliki cookie są niezbędne do prawidłowego działania witryny i nie można ich wyłączyć. Ponadto używamy plików cookie w celu optymalizacji wydajności („komfort”) i wyświetlania spersonalizowanych reklam („marketing”), na co potrzebujemy Twojej zgody. Kliknij „Zezwól na wszystkie”, aby wyrazić zgodę na przetwarzanie danych.

    Twoja zgoda obowiązuje również na mocy art. 49 (1) (a) RODO, co oznacza, że ​​Twoje dane mogą być tymczasowo przetwarzane poza EOG, w tym w USA. W takich przypadkach wysokie europejskie standardy ochrony danych mogą nie być w pełni zagwarantowane, a władze USA mogą uzyskać dostęp do Twoich danych bez skutecznego środka prawnego. Możesz wycofać swoją zgodę w dowolnym momencie.

    PrywatnośćWarunki korzystania z serwisu

    Możesz zarządzać swoimi preferencjami dotyczącymi plików cookie lub wycofać zgodę w dowolnym momencie za pośrednictwem naszych ustawień plików cookie. Aby uzyskać więcej informacji, zapoznaj się z naszą Polityką prywatności.