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Serbia’s oil refinery halts operations amid US sanctions and ownership uncertainty

Serbia’s only oil refinery, operated by the Russian-majority-owned Petroleum Industry of Serbia (NIS), has stopped processing crude oil due to halted supplies caused by US sanctions. The sanctions, which took full effect on October 8 following multiple postponements, have led to banks ceasing payment processing for NIS and the Croatian......

US and Russia quietly shape 28-point plan to end Ukraine war inspired by Gaza ceasefire

The Trump administration has been working secretly with Russia on a detailed 28-point proposal aimed at ending the war in Ukraine. The initiative draws on principles from President Donald Trump’s successful Gaza ceasefire plan between Israel and Hamas. The framework is......

Hungary’s Viktor Orbán launches “anti-war roadshow” ahead of 2026 elections

Hungarian prime minister Viktor Orbán has launched a nationwide “anti-war roadshow”, placing his opposition to Western support for Ukraine at the centre of his early campaign message ahead of the 2026 elections. The first rally was held on Saturday in the north-western city of Győr, the first stop in a five-city tour scheduled......

Hungary secures financial shield deal with Washington, says Orban

Hungarian Prime Minister Viktor Orban announced that his government has reached a “financial shield” agreementwith the United States, aimed at safeguarding Hungary’s economy and financial stability from potential external shocks. The announcement followed Orban’s meeting with U.S. President......

US grants Hungary One-Year sanctions exemption for Russian energy

The United States has granted Hungary a one-year exemption from new US sanctions targeting Russian oil and gas, following Prime Minister Viktor Orbán’s meeting with President Donald Trump in Washington. The exemption comes after Trump imposed Ukraine-related sanctions on Lukoil and Rosneft, two major Russian energy firms. The......

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