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

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.