The China Mail - Orban and Putin's Shadow Deal

USD -
AED 3.672495
AFN 67.899712
ALL 84.400226
AMD 377.936405
ANG 1.789699
AOA 917.000003
ARS 1357.482503
AUD 1.54385
AWG 1.8025
AZN 1.700461
BAM 1.692352
BBD 1.99383
BDT 120.727027
BGN 1.68864
BHD 0.376982
BIF 2944.13125
BMD 1
BND 1.282217
BOB 6.823747
BRL 5.498897
BSD 0.98757
BTN 86.362103
BWP 13.548044
BYN 3.231618
BYR 19600
BZD 1.98362
CAD 1.376435
CDF 2890.000084
CHF 0.806992
CLF 0.024644
CLP 966.780045
CNY 7.17875
CNH 7.17974
COP 4098.65
CRC 498.929197
CUC 1
CUP 26.5
CVE 95.412185
CZK 21.219818
DJF 177.719741
DKK 6.44035
DOP 60.016873
DZD 130.151673
EGP 48.445496
ERN 15
ETB 136.2188
EUR 0.86301
FJD 2.261502
FKP 0.753073
GBP 0.751815
GEL 2.700733
GGP 0.753073
GHS 10.368877
GIP 0.753073
GMD 72.498951
GNF 8564.839853
GTQ 7.578629
GYD 206.59877
HKD 7.84956
HNL 25.950427
HRK 6.504597
HTG 129.278455
HUF 344.290236
IDR 16368.5
ILS 3.42084
IMP 0.753073
INR 87.89375
IQD 1293.627479
IRR 42124.999686
ISK 123.409695
JEP 0.753073
JMD 158.402305
JOD 0.709032
JPY 146.702006
KES 129.198816
KGS 87.450233
KHR 3957.097552
KMF 427.498679
KPW 900
KRW 1382.60986
KWD 0.30548
KYD 0.822903
KZT 535.920566
LAK 21354.619595
LBP 88484.565297
LKR 297.531746
LRD 197.975341
LSL 17.929993
LTL 2.95274
LVL 0.60489
LYD 5.395162
MAD 9.07625
MDL 17.004781
MGA 4482.267785
MKD 53.176318
MMK 2099.091991
MNT 3591.910261
MOP 7.983975
MRU 39.898884
MUR 46.249746
MVR 15.401353
MWK 1712.347436
MXN 18.881369
MYR 4.236019
MZN 63.960062
NAD 17.930185
NGN 1522.680391
NIO 36.342712
NOK 10.252365
NPR 138.1897
NZD 1.689061
OMR 0.384493
PAB 0.987479
PEN 3.63305
PGK 4.131498
PHP 57.455004
PKR 282.700338
PLN 3.689039
PYG 7396.607148
QAR 3.590558
RON 4.379497
RSD 101.135995
RUB 79.82257
RWF 1441
SAR 3.751651
SBD 8.237372
SCR 14.687898
SDG 600.50421
SEK 9.640198
SGD 1.286385
SHP 0.785843
SLE 22.949931
SLL 20969.503947
SOS 564.350396
SRD 36.840603
STD 20697.981008
STN 21.57
SVC 8.640912
SYP 13001.907548
SZL 17.929726
THB 32.290071
TJS 9.316288
TMT 3.51
TND 2.879498
TOP 2.342103
TRY 40.68518
TTD 6.693058
TWD 29.899099
TZS 2520.546014
UAH 41.280042
UGX 3539.937872
UYU 39.671209
UZS 12533.909048
VES 126.12235
VND 26176.5
VUV 120.586342
WST 2.775485
XAF 567.601338
XAG 0.026719
XAU 0.000296
XCD 2.70255
XCG 1.779755
XDR 0.705914
XOF 567.601338
XPF 104.5159
YER 240.349938
ZAR 17.905899
ZMK 9001.196279
ZMW 22.588726
ZWL 321.999592
  • SCU

    0.0000

    12.72

    0%

  • RBGPF

    0.0000

    74.94

    0%

  • BCC

    -0.6400

    82.71

    -0.77%

  • NGG

    0.8300

    72.65

    +1.14%

  • CMSD

    0.2800

    23.63

    +1.18%

  • AZN

    0.6400

    74.59

    +0.86%

  • BCE

    -0.2600

    23.31

    -1.12%

  • RIO

    0.3500

    60

    +0.58%

  • RELX

    0.3800

    51.97

    +0.73%

  • CMSC

    0.2000

    23.07

    +0.87%

  • GSK

    0.1200

    37.68

    +0.32%

  • RYCEF

    0.3100

    14.5

    +2.14%

  • JRI

    0.1000

    13.2

    +0.76%

  • SCS

    6.4000

    16.58

    +38.6%

  • BTI

    1.2000

    55.55

    +2.16%

  • VOD

    0.0800

    11.04

    +0.72%

  • BP

    0.7400

    32.49

    +2.28%


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.