The contract for the transit of Russian gas through Ukraine is a little over a week away from expiration. However, two EU countries - Slovakia and Hungary - do not want to lose critical supplies and are counting the losses if the route is lost. Contents ...

Hungarian Prime Minister Viktor Orbán has said that European leaders must acknowledge the need to change their strategy regarding Ukraine.

Hungarian Prime Minister Viktor Orban has said that Budapest is in talks with Russia and Ukraine on keeping open gas shipments via Ukraine even though its Russian gas imports now come via the Turkstream pipeline.

Russian President Vladimir Putin met Slovak Prime Minister Robert Fico in the Kremlin on Sunday, a rare visit by a European Union leader to Moscow as a contract allowing for Russian gas to transit through Ukraine nears expiry.

The EU has a non-binding goal of stopping all Russian energy imports by 2027. “The end of Ukraine transit could speed up this decoupling, and would also imply a loss of $6.5 billion annually for Russia, unless it can redirect these flows to other pipelines or LNG terminals,” Bruegel said.

Mr Orban infuriated fellow EU leaders in July by visiting Moscow just days after taking over the bloc’s rotating six-month presidency. Read more at straitstimes.com.

The contract for the transit of Russian gas through Ukraine is a little over a week away from expiration. However, two EU countries - Slovakia and Hungary - do not want to lose critical supplies and are counting the losses if the route is lost.

BUDAPEST, Hungary — Hungarian Prime Minister Viktor Orbán said Friday that European leaders must acknowledge the need to change their strategy regarding Ukraine. In comments to Hungary’s ...

Following Zelensky's confirmation, EU member states such as Slovakia, Hungary, Italy, and Austria raised their concerns, with their state-owned energy companies jointly advocating for the continuation of gas transit through Ukraine. Russian officials ...

Hungarian Prime Minister Viktor Orban believes the war between Russia and Ukraine will end in 2025, either through peace negotiations or the defeat of one of the parties. He believes that after the conflict,

Meanwhile, Ukraine makes just $800 million from facilitating the transit ... ruling them out as viable options for countries such as Hungary. Russia’s economy has shown some cracks owing to inflation and overexposure by military-adjacent industries.