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Oil and Stability: Prospects for Russian-Hungarian Cooperation in the Face of Global Challenges

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  • Olga Leonidovna ORLOVA

    (YANDEX LLC, Moscow, Russia)

Abstract

The article examines current aspects of cooperation between Russia and Hungary in the oil and gas sector. It analyzes supply volumes, the impact of global trends, and the consequences of sanctions against Russia. Particular attention is paid to the geopolitical and economic factors affecting Hungary’s energy security, including efforts to diversify supplies and modernize infrastructure. Hungary’s plans to strengthen its role in regional energy and its prospects of becoming an energy hub in Central and Eastern Europe are explored. The importance of Russian-Hungarian cooperation amid global instability is emphasized, and recommendations are proposed to identify key risks and opportunities for both sides.

Suggested Citation

  • Olga Leonidovna ORLOVA, 2025. "Oil and Stability: Prospects for Russian-Hungarian Cooperation in the Face of Global Challenges," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 1, pages 110-117, January.
    • Handle: RePEc:alq:rufejo:rfej_2025_01_110-117
    DOI: 10.24412/2072-8042-2025-1-110-117
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    More about this item

    Keywords

    energy security; oil and gas sector; energy cooperation; gas exports; economic restrictions; oil market; global trends;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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