BUDAPEST, Dec 9 (Reuters) - The company operating the TurkStream gas pipeline will be able to conduct business without any problems after its move to Hungary, thanks to an agreement with Washington, Hungary's Foreign Minister Peter Szijjarto said on Tuesday.

Hungary has continued to rely on Russian energy despite the ongoing conflict in Ukraine and related Western sanctions, prompting criticism from several European Union and NATO allies.

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"With the operating company's relocation from the Netherlands to Hungary, the TurkStream pipeline will be able to operate without disruption in the coming period despite any legal and financial attacks," Szijjarto said in Moscow during a briefing broadcast on his Facebook page.

The agreement ensures that financial transactions related to the operation of Turkstream are not under U.S. sanctions, he said.

Last month, the United States granted Hungary a one-year exemption from U.S. sanctions for using Russian oil and gas after Orban pressed his case for a reprieve during a meeting with President Donald Trump in Washington.

Hungarian Prime Minister Viktor Orban met Russian President Vladimir Putin in Moscow last month, saying the visit was "to ensure Hungary’s energy supply is secured for the winter and next year."

https://www.reuters.com/business/energy/transactions-related-turkstream-not-under-us-sanctions-hungary-says-2025-12-09/