Group 1 - The U.S. government has granted Hungary a one-year exemption from sanctions on Russian energy, allowing it to continue importing Russian oil [3] - Hungary's Prime Minister Orban emphasized the country's heavy reliance on Russian oil imports due to its landlocked status, stating that the exemption is "crucial" for Hungary's economy [3] - The U.S. and Hungary signed a memorandum of understanding on nuclear energy cooperation, which includes negotiations for small modular reactors and spent fuel storage [3] Group 2 - Hungary has committed to purchasing approximately $600 million worth of U.S. liquefied natural gas and has reached a $114 million nuclear fuel supply agreement with Westinghouse [3] - The two countries will enhance defense cooperation, with Hungary expressing intent to procure $700 million worth of defense materials from the U.S. [3] - Analysts suggest that without the U.S. exemption, Hungary could face secondary sanctions, including fines or being cut off from U.S. financial institutions, which would severely impact its economy [3]