Hungary Seeks US Waiver for Gas Payments Through Gazprombank
- Turkey and other European buyers are also looking for solution
- EU Commission has reached out to affected companies, countries
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Hungary asked the US for a waiver from recent sanctions so it can continue paying Russia for natural gas deliveries using Gazprombank.
The bank, which handles most payments for Gazprom PJSC’s gas exports, was sanctioned last month as US President Joe Biden’s administration steps up efforts to punish Moscow for its war in Ukraine.