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US issues license allowing some transactions with Hungarian nuclear power plant project
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US issues license allowing some transactions with Hungarian nuclear power plant project
Nov 21, 2025 12:57 PM

Nov 21 (Reuters) - The United States on Friday issued a

Russia-related general license allowing certain transactions

with the Paks II civil nuclear power plant project in Hungary,

according to the Treasury Department website.

The license allows exceptions to U.S. sanctions on the

project being built by Russia over Moscow's war on Ukraine. It

allows transactions linked to the nuclear power plant project

involving some Russian banks, including Gazprombank, VTB Bank,

and the Russian central bank, the Treasury Department notice

showed.

The move came after Hungary signed an agreement this month

on nuclear power cooperation with the United States as President

Donald Trump met with Hungarian Prime Minister Viktor Orban.

Under the deal, Hungary will buy American nuclear fuel

and U.S. technology to store spent fuel at the project, to be

built by Russia's Rosatom.

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