The Japan Times - Orban and Putin's Shadow Deal

EUR -
AED 4.256956
AFN 73.025715
ALL 95.949476
AMD 436.297619
ANG 2.074964
AOA 1062.93451
ARS 1612.94327
AUD 1.652435
AWG 2.089356
AZN 1.967595
BAM 1.955789
BBD 2.330587
BDT 141.989225
BGN 1.981335
BHD 0.437098
BIF 3425.18131
BMD 1.159144
BND 1.479892
BOB 7.995956
BRL 6.158991
BSD 1.157194
BTN 108.18041
BWP 15.778914
BYN 3.510781
BYR 22719.216032
BZD 2.327287
CAD 1.590438
CDF 2637.051746
CHF 0.913915
CLF 0.027244
CLP 1075.743011
CNY 7.982325
CNH 8.005156
COP 4253.376791
CRC 540.497051
CUC 1.159144
CUP 30.717307
CVE 110.264398
CZK 24.533102
DJF 206.058876
DKK 7.485174
DOP 68.689625
DZD 153.294405
EGP 59.995673
ERN 17.387155
ETB 182.369105
FJD 2.566866
FKP 0.868886
GBP 0.868988
GEL 3.147122
GGP 0.868886
GHS 12.613931
GIP 0.868886
GMD 85.195634
GNF 10142.944655
GTQ 8.863952
GYD 242.098679
HKD 9.082181
HNL 30.628833
HRK 7.547526
HTG 151.809172
HUF 393.825438
IDR 19654.671984
ILS 3.603923
IMP 0.868886
INR 108.971735
IQD 1515.891728
IRR 1524998.397107
ISK 144.047075
JEP 0.868886
JMD 181.799008
JOD 0.821884
JPY 184.582318
KES 149.909182
KGS 101.364683
KHR 4623.974769
KMF 494.9542
KPW 1043.263627
KRW 1744.871088
KWD 0.355359
KYD 0.964295
KZT 556.326964
LAK 24848.864411
LBP 103633.234522
LKR 360.97803
LRD 211.758845
LSL 19.520593
LTL 3.42265
LVL 0.701154
LYD 7.40796
MAD 10.813041
MDL 20.15189
MGA 4824.973672
MKD 61.639664
MMK 2432.829233
MNT 4136.032637
MOP 9.340449
MRU 46.320747
MUR 53.912042
MVR 17.920267
MWK 2006.589051
MXN 20.785187
MYR 4.565818
MZN 74.068653
NAD 19.520593
NGN 1572.088888
NIO 42.579768
NOK 11.082828
NPR 173.089056
NZD 1.98507
OMR 0.445687
PAB 1.157194
PEN 4.000678
PGK 4.994973
PHP 69.722594
PKR 323.078037
PLN 4.286287
PYG 7557.95876
QAR 4.231477
RON 5.101971
RSD 117.449359
RUB 96.003076
RWF 1683.690813
SAR 4.352186
SBD 9.333031
SCR 15.877613
SDG 696.645486
SEK 10.817726
SGD 1.4866
SHP 0.869658
SLE 28.485998
SLL 24306.675843
SOS 661.296392
SRD 43.453394
STD 23991.933773
STN 24.499866
SVC 10.124945
SYP 128.330276
SZL 19.526893
THB 38.14515
TJS 11.114439
TMT 4.068594
TND 3.417581
TOP 2.790939
TRY 51.295008
TTD 7.850957
TWD 37.135139
TZS 3008.583584
UAH 50.692923
UGX 4373.976133
USD 1.159144
UYU 46.629746
UZS 14107.92302
VES 527.051768
VND 30499.388379
VUV 137.76417
WST 3.161925
XAF 655.953421
XAG 0.017051
XAU 0.000258
XCD 3.132643
XCG 2.085489
XDR 0.815796
XOF 655.953421
XPF 119.331742
YER 276.574852
ZAR 19.764849
ZMK 10433.68695
ZMW 22.593877
ZWL 373.24379
  • RBGPF

    -13.5000

    69

    -19.57%

  • NGG

    -3.5400

    81.99

    -4.32%

  • BCE

    0.0600

    25.79

    +0.23%

  • VOD

    -0.0900

    14.33

    -0.63%

  • GSK

    -0.5300

    51.84

    -1.02%

  • RYCEF

    -1.2600

    15.34

    -8.21%

  • RIO

    -2.5000

    83.15

    -3.01%

  • AZN

    -5.3300

    183.6

    -2.9%

  • BTI

    -1.3500

    57.37

    -2.35%

  • CMSC

    -0.2000

    22.65

    -0.88%

  • RELX

    -0.4600

    33.36

    -1.38%

  • BCC

    -1.5600

    68.3

    -2.28%

  • CMSD

    -0.2420

    22.658

    -1.07%

  • JRI

    -0.3900

    11.77

    -3.31%

  • BP

    -1.0800

    44.78

    -2.41%


Orban and Putin's Shadow Deal




Hungarian Prime Minister Viktor Orban has long been a polarizing figure in the European Union, often clashing with Brussels over his nationalist stance and cozy relationships with authoritarian leaders. Among these, his bond with Russian President Vladimir Putin has sparked widespread unease. Their partnership, marked by secretive agreements and high-profile meetings, has cast a shadow over Hungary’s role in Europe, raising questions about its loyalty to EU principles and its implications for regional stability.

Central to this controversy are energy agreements that tie Hungary closely to Russia. Despite EU efforts to wean itself off Russian energy amid the Ukraine war, Hungary has doubled down on its dependence. In 2022, Orban locked in a long-term gas deal with Moscow, securing favorable rates for Hungary. This move has been a boon for the country’s economy but has drawn ire for propping up Russia’s finances under global sanctions and weakening Europe’s united front.

The collaboration extends beyond gas. Hungary has tapped Russia’s Rosatom to upgrade its Paks nuclear facility, a multi-billion-euro project funded largely by a Russian loan. Details of the deal remain murky, with allegations of corruption swirling around it. Observers worry that this not only deepens Hungary’s debt to Russia but also hands Putin a foothold in critical European infrastructure.

Diplomatically, Orban has stirred the pot further. In July 2024, he made an unexpected trip to Moscow to meet Putin, touting “peace talks” for Ukraine just as Hungary took the EU Council presidency. EU leaders slammed the visit, insisting Orban had no authority to speak for the bloc. Days earlier, he’d pitched a ceasefire to Ukraine’s Volodymyr Zelenskyy in Kyiv—a suggestion Kyiv dismissed as a win for Russia. Orban framed these moves as a “peace mission,” but many see them as a bid to bolster ties with Putin while playing both sides.

The Orban-Putin alliance isn’t just pragmatic—it’s rooted in shared ideology. Both leaders champion “traditional values” and reject liberal democracy, with Orban openly admiring Putin’s strongman tactics. This kinship has seen Hungary obstruct EU sanctions on Russia and stall aid to Ukraine, frustrating allies and amplifying divisions within the bloc.

The fallout is significant. Orban’s actions strain Hungary’s standing in the EU and NATO, casting doubt on its commitment to collective goals. They also signal to other populist figures that defying the EU for national gain is viable. As Europe navigates Russia’s aggression, the Orban-Putin pact remains a flashpoint, its full consequences still unfolding.