Hungary to give up Russian gas by fall 2027 after years of Orbán government’s reliance on Moscow, foreign minister says
Hungary will stop procuring natural gas from Russia by the fall 2027 deadline set by the European Union, according to a statement made by Foreign Minister Anita Orbán in an interview with Telex . Asked whether the Hungarian government expects to keep access to Russian gas, the minister answered: “The European Union has set a clear deadline for the phased abandonment of Russian natural gas: the…
A consortium led by US billionaire Todd Boehly, co-owner of the Los Angeles Dodgers and Lakers, is preparing to acquire Lukoil's international assets through a cashless securities swap. The deal, expected within weeks, marks a year-long effort initiated by US sanctions on the Russian oil giant. Lukoil's overseas operations, including oilfields, refineries, and petrol stations, span Europe, the Middle East, and Africa.
The consortium includes Emirati investors International Holding Company and Al Hail Holding, Syrian-Qatari Al-Khayat brothers, and the US government's International Development Finance Corporation. The transaction will be cashless, with Western investors exchanging frozen Lukoil securities for Lukoil's international assets. The sale began after Lukoil was sanctioned by the US in October 2025, and its initial valuation was $22 billion, which has since declined.
Written by urgent.news from Euromaidan Press's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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