Can Hungary wean itself off Russian energy, as its new leader has promised?
Following his recent election victory in April 2026, Hungary's new leader, Peter Magyar, has pledged to reduce the country's reliance on Russian energy. Magyar's promise marks a shift from the previous 16-year leadership of Viktor Orban, who strengthened ties with Russia. Hungary currently relies heavily on Russian oil, importing 93% of its crude from Russia in 2025, a significant increase from 61% in 2021. While the EU aims to phase out Russian energy imports by late 2027, Hungary under Orban actually increased its dependence. Magyar has set a goal to end Russian oil imports by 2035, but the feasibility of achieving this remains to be seen.