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President Donald Trump announced a new nuclear energy cooperation agreement with Hungary, a close ally of Russian President Vladimir Putin, on Friday, marking the first such agreement between the two nations.
Hungarian Foreign Minister Peter Szijjarto said the deal includes plans to buy American nuclear fuel and American technology for storing spent fuel at the country's Russian-built Paks nuclear power plant. "We will sign a major intergovernmental agreement on nuclear energy cooperation with my colleague Foreign Minister Marco Rubio," Szijjarto said.
The move comes as Hungary seeks to diversify its energy sources while continuing to rely on Russia's Rosatom, which has been building two new reactors in Paks under a 2014 deal that bypassed competitive bidding.
Szijjarto said that for the first time in the country's history, Hungary will buy American nuclear fuel in addition to existing Russian supplies as it works to meet growing domestic energy demands.
Trump will meet on Friday with Hungarian Prime Minister Viktor Orban, an early ally, for their first bilateral talks since Trump returned to the White House in January.
The meeting is expected to focus on Hungary's heavy dependence on Russian oil and efforts to diversify its energy supply.
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