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Brazil Central Bank holds interest rate after seven straight hikes
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Shelton ends Mannarino jinx in Toronto
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Swiatek cruises, Osaka battles through in Montreal
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Meta beats expectations sending share price soaring
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Gaza civil defence says 30 killed in food queue by Israeli fire
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Microsoft quarterly profits soar on AI and cloud growth
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Airbus first-half profit climbs 85% to $1.7 bn
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TikTok launches crowd-sourced debunking tool in US
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'Ours forever': would-be Israeli settlers march on Gaza
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Trump punishes Brazil with tariffs, sanctions over trial of ally Bolsonaro
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US sprinter Kerley out of US trials
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Ukraine will fix anti-graft law, minister tells AFP ahead of crucial vote
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Tata Motors to buy Italy's Iveco for $4.4 bn
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From skies over Gaza, Jordanian crew drops lifeline to civilians
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US Fed holds firm against Trump pressure as divisions emerge
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Michael Jackson's dirty sock sells for over $8,000 in France
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Turkish city calls for help after heat tops 50C
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Renault names Provost CEO after De Meo exit
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Le Court makes history for Africa at women's Tour de France
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Canada central bank holds rate steady citing US tariff 'threats'
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Henry puts New Zealand in control of 1st Test against Zimbabwe
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Stocks edge higher, dollar gains before tech earnings, Fed decision
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Palestine Action wins bid to challenge terror ban in London court
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EU urged to act on forests' faltering absorption of carbon
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India secures return of ancient Buddhist gems
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Stokes braced for 'emotional' tribute to late England batsman Thorpe
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France's Luc Besson resurrects new 'romantic' Dracula
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Trump hits India with 25% tariff and 'penalty' over Russia ties
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Chinese sub discovers deepest-ever creatures 10 km undersea
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Kingscote revels in being the 'villain' of Sussex Stakes shock
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English cricket chiefs confirm sale of six Hundred franchises
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Wirtz opens Liverpool account in friendly win in Japan
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Marchand shatters record as US, Australia win more world gold
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Thousands honour Ozzy Osbourne at UK hometown funeral procession
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WHO chief says continuous medical aid into Gaza 'critical'
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London court rules oligarch liable in $1.9 bn Ukraine loan scheme
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England's Stokes out of India series decider with shoulder injury
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Stocks diverge, dollar gains before tech earnings, Fed decision
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India's Gill says Oval groundsman caused 'unnecessary' row
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Physicists still divided about quantum world, 100 years on
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Russia relieved as tsunami spares far east from major damage
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'Can't believe it': Marchand shatters long-standing world record
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French govt prepares new law to return colonial-era art
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London court rules oligarch liable over $1.9 bn Ukraine loan scheme
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Olympic biathlon champion confirmed dead after Pakistan mountaineering accident
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German biathlete confirmed dead after accident on Pakistan mountain
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Marchand smashes long-standing 200m medley world record
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US economy returns to growth in second quarter on tariff turbulence
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'All gone': Beijing villagers left with nothing after deadly floods
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Aston Martin pares outlook as US tariffs weigh
RIO | -4.67% | 59.49 | $ | |
CMSC | -0.04% | 22.6 | $ | |
BCC | -1.47% | 84.89 | $ | |
CMSD | -0.26% | 23.06 | $ | |
SCS | -1.74% | 10.33 | $ | |
SCU | 0% | 12.72 | $ | |
BCE | -0.55% | 23.53 | $ | |
JRI | 0.38% | 13.11 | $ | |
BTI | 0.73% | 53.16 | $ | |
RBGPF | -4.75% | 74.03 | $ | |
GSK | 3.34% | 38.97 | $ | |
RYCEF | -2.14% | 13.1 | $ | |
NGG | -0.47% | 70.19 | $ | |
RELX | -0.27% | 51.78 | $ | |
BP | -2.2% | 32.25 | $ | |
AZN | 3.41% | 76.59 | $ | |
VOD | -0.45% | 11.06 | $ |
Orban and Putin's Shadow Deal
Hungarian Prime Minister Viktor Orban has long been a polarizing figure in the European Union, often clashing with Brussels over his nationalist stance and cozy relationships with authoritarian leaders. Among these, his bond with Russian President Vladimir Putin has sparked widespread unease. Their partnership, marked by secretive agreements and high-profile meetings, has cast a shadow over Hungary’s role in Europe, raising questions about its loyalty to EU principles and its implications for regional stability.
Central to this controversy are energy agreements that tie Hungary closely to Russia. Despite EU efforts to wean itself off Russian energy amid the Ukraine war, Hungary has doubled down on its dependence. In 2022, Orban locked in a long-term gas deal with Moscow, securing favorable rates for Hungary. This move has been a boon for the country’s economy but has drawn ire for propping up Russia’s finances under global sanctions and weakening Europe’s united front.
The collaboration extends beyond gas. Hungary has tapped Russia’s Rosatom to upgrade its Paks nuclear facility, a multi-billion-euro project funded largely by a Russian loan. Details of the deal remain murky, with allegations of corruption swirling around it. Observers worry that this not only deepens Hungary’s debt to Russia but also hands Putin a foothold in critical European infrastructure.
Diplomatically, Orban has stirred the pot further. In July 2024, he made an unexpected trip to Moscow to meet Putin, touting “peace talks” for Ukraine just as Hungary took the EU Council presidency. EU leaders slammed the visit, insisting Orban had no authority to speak for the bloc. Days earlier, he’d pitched a ceasefire to Ukraine’s Volodymyr Zelenskyy in Kyiv—a suggestion Kyiv dismissed as a win for Russia. Orban framed these moves as a “peace mission,” but many see them as a bid to bolster ties with Putin while playing both sides.
The Orban-Putin alliance isn’t just pragmatic—it’s rooted in shared ideology. Both leaders champion “traditional values” and reject liberal democracy, with Orban openly admiring Putin’s strongman tactics. This kinship has seen Hungary obstruct EU sanctions on Russia and stall aid to Ukraine, frustrating allies and amplifying divisions within the bloc.
The fallout is significant. Orban’s actions strain Hungary’s standing in the EU and NATO, casting doubt on its commitment to collective goals. They also signal to other populist figures that defying the EU for national gain is viable. As Europe navigates Russia’s aggression, the Orban-Putin pact remains a flashpoint, its full consequences still unfolding.

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