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.

Hungary is seeking a solution that would allow gas flows to Europe via Ukraine to continue once the current transit contract between Moscow and Kyiv expires, Prime Minister Viktor Orban said.

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.

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 ...

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 ...

A European official declared that “the engagement shown on election day” should be considered evidence “of a system that is still growing and evolving, with a democratic vitality under construction.” Overall,

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.

Orbán, known for his pro-Russian views, criticized the U.S. and European governments for spending approximately 300 billion euros ($312 billion) on the war, money that he believes could have been used to improve living standards across Europe.