In February 2026, the Paks II NPP project entered an active construction phase. However, due to the change of government in Hungary, a review of previously reached agreements was initiated. This calls into question the future of the project and poses a set of legal, financial and technological challenges to Hungary’s energy strategy. What are the legal and financial risks for Hungary in the event of unilateral termination of the Paks II contract? How can the new geopolitical background and environmental arguments affect the project? What could be the consequences of terminating the contract for Rosatom State Nuclear Energy Corporation? Is Hungary’s abandonment of nuclear power plants in favor of renewable energy and gas realistic, and will this lead to the country’s increased energy dependence? These and other questions were discussed by Gabor Stier, foreign policy columnist for Demokrata, the founding editor of the moszkvater.con portal and member of the Valdai Club, and Ksenia Sme...