Turkstream transactions are not subject to US sanctions, Hungary claims

Peter Szijjarto, Hungary's Minister of Foreign Affairs, said that the company operating TurkStream will be able to do business in Hungary?without problems? thanks to an agreement reached with Washington.

Hungary continues to depend on Russian energy, despite the conflict in Ukraine and Western sanctions. This has prompted criticism from several European Union and NATO allies.

Szijjarto, during a Facebook broadcast in Moscow, said that the TurkStream Pipeline will continue to run 'without interruption in the next?period regardless of any legal or?financial attack.

He said that the agreement guarantees that financial transactions relating to Turkstream's operation are not subject to?U.S. He said that sanctions were not imposed on financial transactions related to the operation of Turkstream.

The United States granted Hungary an exemption of one year from the?U.S. After?Orban made a strong case to be exempted from sanctions, the United States granted Hungary a one-year exemption.

Viktor Orban, the Hungarian Prime Minister, met with Vladimir Putin last month in Moscow. He said the visit was to "ensure Hungary's supply of energy for the winter and the next year." (Reporting and writing by Anita Komuves; Editing by Bernadette baum)

(source: Reuters)