Using coal fundamentals in...

A trader’s guide to converting lignite production signals into actionable price intelligence Short-term electricity...

Coal production, trading dynamics,...

Coal production in South-East Europe remains a defining component of the region’s energy...

Coal-fired power plants in...

Coal-fired power plants remain central to the electricity systems of South-East Europe, particularly...

Spread markets take hold...

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Hungary: US lifts sanctions on Paks nuclear expansion project

The United States has lifted sanctions related to the construction of new units at Hungary’s Paks nuclear power plant, a project being developed by the Russian state-owned company Rosatom.

US Secretary of State Marco Rubio said the decision is intended to help Hungary strengthen its energy independence. He emphasized that the project is already underway and that Hungary requires its completion. Because Rosatom is responsible for both designing and building the new units, Washington is permitting the work to continue.

The sanctions were initially introduced in November 2024 during the Biden administration. They were later suspended in June 2025 under the Trump administration. Earlier this month, Hungarian Prime Minister Viktor Orbán announced that the United States would fully remove the remaining restrictions, saying Washington no longer has objections to the project.

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