Hungary Seeks US Waiver for Gas Payments Through Gazprombank

Hungary asked the US for a waiver from recent sanctions so it can continue paying Russia for natural gas deliveries using Gazprombank.

The bank, which handles most payments for Gazprom PJSC’s gas exports, was sanctioned last month as US President Joe Biden’s administration steps up efforts to punish Moscow for its war in Ukraine.

Hungary, as well as other countries that rely on Russian gas imports, have warned the US decision poses a potential risk for energy security. Turkey has also sought a sanctions waiver.

Read More: European Gas Buyers Rush to Find Workaround to US Sanctions

Hungary’s Foreign ...