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Hungary returns seized Ukrainian bank vehicles, withholds cash and gold
Hungary is holding $82 million in cash and gold amid a money laundering probe while returning armored vehicles to Ukraine, escalating tensions over suspended oil shipments.
- On March 12, Hungary returned two seized armoured bank vehicles to Ukraine but withheld $82 million in cash and gold, citing an investigation into alleged money laundering.
- Last week, Hungary detained seven Ukrainians transporting cash and gold, and the detainees were expelled and crossed into Ukraine on March 6.
- On March 10, Hungary's Parliament passed a law allowing the tax authority to retain cash and gold for 60 days while it investigates, and Oschadbank said it will use all legal means to recover its assets.
- Ukraine's government reacted as Foreign Minister Andrii Sybiha on March 8 called Hungary's actions an 'unprecedented act of state banditism and racketeering', while Kyiv accused Budapest of taking bank employees hostage to pressure suspended oil shipments.
- The dispute arrives as Viktor Orban, Hungarian Prime Minister, faces a serious electoral challenge on April 12 and has vetoed EU sanctions on Moscow and a loan for Ukraine.
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28 Articles
28 Articles
The Hungarian government, which had previously decided to keep Oschadbank's money and gold, which were confiscated during the detention of Ukrainian collectors' cars on the territory of the country, has now returned the armored cars, Ukrinform reports.
·Vilnius, Lithuania
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Sberbank returned the collector cars that were previously detained in Hungary. The transport has already been handed over to bank representatives and Ukrainian diplomats, but the cash and bank gold transported are still being held.
The relationship between Ukraine and Hungary is bad. Now there is also trouble for a pile of cash, nine gold bars – and a pipeline called friendship.
·Germany
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Coverage Details
Total News Sources28
Leaning Left10Leaning Right2Center2Last UpdatedBias Distribution72% Left
Bias Distribution
- 72% of the sources lean Left
72% Left
L 72%
14%
14%
Factuality
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