Alexander Novak met with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto
Alexander Novak met with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto
Alexander Novak met with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto
Alexander Novak met with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto
Alexander Novak met with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto
Alexander Novak met with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto
Deputy Prime Minister Alexander Novak had a working meeting with Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto.
The discussion focused on the issues of developing for bilateral trade and economic relations and ways to deepen Russian-Hungarian cooperation in oil and gas and energy projects. The parties also touched upon the terms of supplying Russian oil and gas to Hungary, and cooperation in nuclear energy.
“We highly appreciate the balanced and objective foreign policy pursued by the Hungarian government. Thanks to your invariably constructive approach, we can engage in effective cooperation and resolve any emerging issues despite the difficult international situation. In the current circumstances, it is expedient to continue implementing the previously reached agreements in strategic areas, and to preserve and increase all the useful bilateral ties in all areas of Russian-Hungarian cooperation. Russia continues to be firmly committed to the further development of pragmatic and mutually beneficial relations with Hungary,” Alexander Novak said in his opening remarks.
Hungary remains one of Russia’s important partners for oil and gas exports. In 2024, 4.78 million tonnes of oil were exported through the southern branch of the Druzhba oil pipeline, and another 956,000 tonnes in January-February 2025. The Deputy Prime Minister underscored the Russian side’s commitment to maintaining reliable energy supplies for Budapest, and expressed his readiness to take all necessary measures to ensure that energy supplies to our partners remain uninterrupted and predictable.
“Hungary looks forward to further energy cooperation with Russia and appreciates its results, the stable oil and gas supplies, which ensure our country’s energy security. We welcome the ongoing implementation of the Paks-2 nuclear power plant project and are committed to resolving any issues related to the project’s financing amid external restrictions through dialogue,” Peter Szijjarto said.
In 2024, Russian gas exports to Hungary reached a record 8.6 billion cubic metres. As of March 1, 2025, Russia has supplied another 1.18 billion cubic metres to that country. “This figure does not only reflect a high degree of coordination, but also demonstrates our shared commitment to energy security,” Alexander Novak stressed.
