The United States Granted Hungary an Exemption From Anti-Russian Sanctions to Allow Rosatom to Complete the Nuclear Power Plant

Meduza

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In November, the US lifted sanctions on the nuclear power plant that Russia's company Rosatom is building in Hungary, with only one year of restrictions imposed by the previous US administration led by Joe Biden. "We want Hungary to become energy independent," so US Secretary Marco Rubio explained the lifting of restrictions, but the truth is that Russia's nuclear industry is a rare area that is not subject to any sanctions. Moreover, Russia's c…

censor.net

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The United States has issued a general license that allows certain financial transactions related to Russia's Paksh II nuclear power plant project in Hungary.

Business Insider (Poland)

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The US Treasury granted a license on Friday exempting transactions related to the Paks II nuclear power plant under construction in Hungary from Russian sanctions. The document allows for transactions with Gazprombank, among others.

unn.ua

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The United States has issued licenses to Hungary to build a Russian-funded nuclear power plant. The United States has issued a general license that allows certain financial transactions related to the Russian Paks II nuclear power plant project in Hungary. Transactions involving Gazprombank, VTB Bank and the Central Bank of the Russian Federation are permitted if they relate to the implementation of the nuclear power plant project.

Ukrinform (UA)

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The US administration granted Hungary an exemption from anti-Russian financial sanctions in order to allow Rosatom to complete the nuclear power plant. — Ukrinform.

Korrespondent.net

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This licence allows for transactions involving a number of Russian financial institutions.