Hungary seeks EU approval to import Russian seaborne crude, says the Hungarian Minister of Foreign Affairs and Trade
Hungary's move to seek EU approval for importing Russian seaborne crude signals a potential thaw in relations and may challenge existing sanctions.
Newsquawk Daily US Opening News - 18th February 2026
British American Tobacco (BATS LN) reaffirms its FY26 guidance, indicating performance at lower end of constant currency ranges 3-5% revenue growth
Hungary seeks EU approval to import Russian seaborne crude, says the Hungarian Minister of Foreign Affairs and Trade
UK Chancellor Reeves reiterates that the UK will take defense spend past 2.6% in future budgets
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This could have a ripple effect on energy prices and geopolitical tensions within the EU, particularly impacting oil markets and the euro's strength against currencies like the USD and JPY. Traders should monitor how this might influence energy supply dynamics and broader market sentiment.
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