Hungary continues to buy billions of dollars of Russian oil and gas annually, despite most other Western nations’ cutting of economic ties with Russia after its invasion of Ukraine in February of 2022. Budapest also has sought to strengthen ties with Beijing, bucking Western efforts to reduce dependence on China.

It has led some to label the country as Russia and China’s “Trojan Horse” in the West. What’s behind Hungary’s warm relations with Moscow and Beijing? Many analysts say Hungary is seeking to exploit global tensions to its own advantage.

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