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    Home > Headlines > Kremlin says Orban's good ties with Trump and Putin are reason for holding summit in Hungary
    Headlines

    Kremlin says Orban's good ties with Trump and Putin are reason for holding summit in Hungary

    Published by Global Banking & Finance Review®

    Posted on October 20, 2025

    2 min read

    Last updated: January 21, 2026

    Kremlin says Orban's good ties with Trump and Putin are reason for holding summit in Hungary - Headlines news and analysis from Global Banking & Finance Review
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    Tags:Presidentinternational financial institutionforeign currencyfinancial communityeconomic growth

    Quick Summary

    The Kremlin chose Budapest for a Trump-Putin summit due to Orban's ties with both leaders, aiming to resolve the Ukraine conflict.

    Table of Contents

    • Kremlin's Decision on Summit Location
    • Orban's Diplomatic Relations
    • Reactions from European Governments
    • Goals of the Upcoming Summit

    Kremlin Attributes Hungary Summit to Orban's Relations with Trump and Putin

    Kremlin's Decision on Summit Location

    MOSCOW (Reuters) -The Kremlin said on Monday that Budapest was chosen as the venue for an upcoming summit between Russian President Vladimir Putin and U.S. President Donald Trump because Hungarian Prime Minister Viktor Orban has good ties with both leaders.

    Orban's Diplomatic Relations

    Kremlin spokesman Dmitry Peskov told reporters: "Orban has quite warm relations with President Trump and very constructive relations with President Putin.

    Reactions from European Governments

    "And this, of course, greatly contributed to the understanding that was worked out during the last phone call," he added, referring to last week's conversation between Trump and Putin that led to them agreeing to meet in Budapest.

    Goals of the Upcoming Summit

    Orban, a nationalist and conservative, has repeatedly criticised Western backing of Ukraine, which neighbours his own country. Earlier this year, he said that Russia had already won the war in Ukraine.

    Some European governments that support Ukraine have said it is inappropriate to host Putin for a summit in a European Union member state. EU foreign policy chief Kaja Kallas on Monday described it as "not nice".

    Peskov said that work was only just beginning on the summit, which would be aimed at advancing a resolution to the Ukraine conflict, and developing relations between Russia and the United States.

    (Reporting by Dmitry Antonov, Writing by Felix Light; editing by Guy Faulconbridge)

    Key Takeaways

    • •Kremlin selects Budapest for Trump-Putin summit.
    • •Orban's relations with Trump and Putin influenced the decision.
    • •Summit aims to address Ukraine conflict resolution.
    • •EU governments express concern over hosting Putin.
    • •Orban's stance on Ukraine differs from Western allies.

    Frequently Asked Questions about Kremlin says Orban's good ties with Trump and Putin are reason for holding summit in Hungary

    1What is foreign currency?

    Foreign currency refers to the money that is used in other countries, which can be exchanged for the local currency in international transactions.

    2What is economic growth?

    Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in gross domestic product (GDP).

    3What is an international financial institution?

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