Market
How will Hungary pay for Russian gas in 2025?
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United States•Turkey•Russia•Gazprombank•Ankara•Turkish•Alparslan Bayraktar•Ukraine•Russian•Akkuyu Nuclear Power Plant•Hungary
Resolution / Starting Odds
Through Gazprombank • 25%
Through alternative Russian banks • 25%
Through barter or goods exchange • 25%
Other • 25%
Reports from Hungarian Ministry of Foreign Affairs or Gazprombank
Story
US Grants Turkey and Hungary Exemptions from Gazprombank Sanctions for Russian Gas Payments
Dec 20, 2024, 07:19 AM
The United States has granted Turkey an exemption from sanctions imposed on Russia's Gazprombank, allowing Ankara to continue making payments for natural gas imports from Russia. Turkish Energy Minister Alparslan Bayraktar confirmed the waiver after a series of discussions with U.S. officials. The U.S. had sanctioned Gazprombank in November due to its involvement in facilitating payments related to Russia's military actions in Ukraine. Turkey, which imports more than 40% of its natural gas from Russia, had been exploring alternative payment methods, including loans from Russian banks and payments through the Akkuyu Nuclear Power Plant. Hungary also received a similar exemption, enabling it to pay for Russian gas through Gazprombank.
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Euro • 25%
Cryptocurrency • 25%
Other currencies • 25%
US Dollar • 25%
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Direct bank transfers • 25%
Offsetting counterclaims • 25%
Other • 25%
Negotiates with Russia for direct supply • 25%
Other • 25%
Secures alternative supply • 25%
Energy rationing implemented • 25%
Government support • 25%
Unresolved • 25%
Compensated by other deals • 25%
Internal cost-cutting • 25%
Agreement is terminated • 25%
Agreement continues as is • 25%
Agreement is modified • 25%
New supplier replaces Russia • 25%
Compromise settlement • 25%
Gazprom's claim upheld • 25%
Moldova's claim upheld • 25%
No resolution by end of 2025 • 25%
