Hungary Weighs Cutting Power and Gas Shipments to Ukraine

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Hungary is considering cutting off power and gas shipments to Ukraine if Ukraine doesn't resume Russian oil flows via the Druzhba pipeline, a move that could impact Ukraine's energy supply and relations with Hungary.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Hungary is weighing the idea of cutting off power and natural gas deliveries to Ukraine if Kyiv doesn’t hasten to resume Russian oil flows via the Druzhba pipeline, the chief of staff of Hungarian Prime Minister Viktor Orban said on Thursday. At the end of January, Druzhba, the pipeline that carries Russian crude to refineries in Hungary and Slovakia, was damaged in what Ukraine said was a Russian drone attack. Supplies of Russian oil to the last two remaining EU member states dependent on Russian crude flows via Druzhba have been halted…

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Original article published by OilPrice.com on February 19, 2026.
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