Trump guarantees to defend Hungary’s funds amid Orban-EU tensions and to signal $600m fuel deal, says Hungarian chief.
Revealed On 9 Nov 2025
Hungary has struck a deal for what Prime Minister Viktor Orban referred to as a “monetary defend” to safeguard its financial system from potential assaults following talks with US President Donald Trump.
Orban, a longtime ally of Trump and certainly one of Europe’s most outspoken nationalist leaders, met the US president on the White Home on Friday to hunt aid from sanctions on Russian oil and fuel. Following the assembly, he introduced that Hungary had secured a one-year exemption from these measures.
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“I’ve additionally made an settlement with the US president on a monetary defend,” Orban stated in a video posted by the Hungarian outlet index.hu on Sunday. “Ought to there be any exterior assaults in opposition to Hungary or its monetary system, the People gave their phrase that in such a case, they’d defend Hungary’s monetary stability.”
A White Home official stated the deal additionally included contracts value roughly $600m for Hungary to purchase US liquefied pure fuel. Orban gave no particulars of how the “defend” would work, however claimed it might guarantee Hungary would face “no financing issues”.
“That Hungary or its forex might be attacked, or that the Hungarian finances might be put in a tough scenario, or that the Hungarian financial system might be suffocated from the financing aspect, this needs to be forgotten,” he stated.
The transfer comes as Orban faces financial stagnation and strained relations with the European Union, which has frozen billions of euros in funding over what Brussels calls Hungary’s democratic backsliding. Critics accuse Orban of utilizing his ties with Washington to sidestep EU stress and safe new monetary lifelines.
Orban stated on Friday that Hungary additionally received an exemption from US sanctions on Russian power after a gathering with Trump.
Hungary’s financial system has struggled since Russia’s full-scale invasion of Ukraine in 2022, however its forex, the forint, has proven some restoration this 12 months, supported by excessive rates of interest.
Trump, in the meantime, has prolonged his assist to a different far-right chief, Argentina’s Javier Milei, pledging to strengthen the nation’s collapsing financial system by way of a $20bn currency swap cope with Argentina’s central financial institution. Trump stated he would additionally purchase Argentinian pesos to “assist an awesome philosophy take over an awesome nation”.
Milei, who has made greater than a dozen journeys to the US since taking workplace in December 2023, together with to attend Trump’s second inauguration, is battling inflation, debt, and dwindling reserves. Argentinian bond costs plunged in late September because the central financial institution scrambled to stabilise the peso.
