Turkey and Hungary said they have received exemptions for gas payments to Russia after the United States imposed sanctions on Gazprombank, removing a major hurdle to the gas trade with Moscow.

Turkey imports almost all its gas requirement, and Russia is the top supplier, providing more than 50 per cent of the country’s pipeline imports. Turkish pipeline gas imports fr

The exemptions allow both countries to continue paying for Russian gas supplies through the sanctioned bank. According to the Turkish Energy and Natural Resources Minister Alparslan Bayraktar, Ankara has held a “series of talks” with U.