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Home » Transcript: Hungary’s Viktor Orbán on Putin vs. Trump – MD MEETS Podcast #5

Transcript: Hungary’s Viktor Orbán on Putin vs. Trump – MD MEETS Podcast #5

Here is the full transcript of Hungarian Prime Minister Viktor Orbán’s interview on MD MEETS Podcast #5 with host Mathias Döpfner, on “Putin vs. Trump, Nuclear War & Illegal Migration”, Nov 16, 2025.

The Energy Exemption Deal

MATHIAS DÖPFNER: Mr. Prime Minister, let’s start with your visit to the President of the United States. You have achieved something very meaningful for your own country: the exemption of the boycotts with regard to Russian gas and oil. Is it actually for one year or is it indefinite?

VIKTOR ORBÁN: We made an agreement with the President that as long as we are still in office, it works.

MATHIAS DÖPFNER: Because some people are saying it was indefinite, other people are saying it was limited to a year.

VIKTOR ORBÁN: That’s a bureaucratic approach, which is right if something should be written down. But the fact is that we agreed that it runs until we are in office, which means that we hope that both of us will stay for a long, long time.

MATHIAS DÖPFNER: What did he ask for in return for that concept?

VIKTOR ORBÁN: It was not a deal.

MATHIAS DÖPFNER: It was not a deal. Okay.

VIKTOR ORBÁN: Because it was an understanding. My goal was to… He’s a good man. So it’s important to know, we are all politicians, but some of us are not so much good guys and others are good men. He’s a good man. He’s a Christian man, you know.

So he thinks that the mission to be in the globe for each of us is to make life easier for each of us, not to make it more difficult. That’s the reason why he thinks that business makes the life of the people easier. So he’s pro-business. But at the same time, he is very Christian by attitude.

And I thought, and I was right, proved to be right, that if I explain… I’m able to explain to him that he is running that kind of sanctions on Hungary with no exemption, he kills us. He kills 10 million Hungarian people, millions of households and the economy. Because the prices will go up immediately in Hungary, immediately three times, and nobody can survive economically. It’s a very difficult situation for the people.

So please understand that I don’t have an alternative because we don’t have a sea. It’s a landlocked country. This is the only way how we can supply the country. And he understood it and said, “Okay, I’m ready to help.”

MATHIAS DÖPFNER: Yeah. It’s roughly 80% of gasoline and oil in Hungary coming from Russia. But Europeans are criticizing it. I was told that in Germany there is even a similar deal with an oil refinery in Schwedt that is basically providing the necessary energy for the whole region, for Berlin, for the airport. And so there’s also an exemption.

VIKTOR ORBÁN: Yes, the first exemption on behalf of the Americans was given to the Germans, not to the Hungarians.

The Financial Shield Against Brussels

MATHIAS DÖPFNER: You achieved also something else. And that was… You said it when you returned to Hungary, a kind of shield for the financial security of Hungary. Can you explain why you need that shield?

VIKTOR ORBÁN: You know, Hungary is a poor country. As an outcome of the First World War, we lost everything which would provide a stable basis for the economy. We lost oil fields, mines, we lost wood for buildings, all that kind of thing.

So Hungary is a country which provides the living standard for the people based exclusively on what we have in the mind and what we are able to work for. Therefore, financially, Hungary was always fragile. So it’s a historical effect. It’s not a new thing. It has nothing to do with how successful the government and the Hungarian currency is today. It’s a general structure.

So we always looked for some partnership to provide some financial stability behind us, because the country is small and basically the real economy is rather missing many important bases.

MATHIAS DÖPFNER: Is it also a protection against EU measures?

VIKTOR ORBÁN: Normally, that protection is coming from the European Union.

MATHIAS DÖPFNER: Yeah. And now it doesn’t?

VIKTOR ORBÁN: No, no, no, just the opposite. The European Union is dangerous. They are blackmailing us. They try to suffocate us economically and financially. So the main reason why I need a financial shield is because of the European Union and against Brussels. So that’s why it was important.

MATHIAS DÖPFNER: So it is similar to the shield that he gave to Milei in Argentina?

VIKTOR ORBÁN: A little bit different, because Argentina is in a currency crisis. So what they have provided for Argentina is more a crisis management contribution. Hungary is a stable country. We don’t need it.

So that was my point. I don’t need your money, President. What I need is a shield and the chance that when we are under an attack of speculation or a new blackmail coming from Brussels, I can use the instrument to show to the world that, you know, it’s not reasonable to attack Hungary. You cannot win any money on that.

Nuclear Energy and Hungary’s Future

MATHIAS DÖPFNER: Apart from the financial shield and the exemption for energy consumption, what were the topics that you discussed with the President?

VIKTOR ORBÁN: Energy and nuclear. You know, I’m convinced strongly that the future is based on the affordability or the price of the energy, because everything is moving to digital. Artificial intelligence will be the most important factor in the economy.

MATHIAS DÖPFNER: You need it for the data centers.

VIKTOR ORBÁN: Huge, huge electricity. You need huge energy and you have to generate electricity somehow. We don’t have rivers which we can use for that purpose. As I mentioned, we don’t have mines, we don’t have oil and gas.