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world1d ago
Hungary moves to legalize seizure of Ukrainian bank cash convoy
- The Hungarian parliament moved to fast-track a bill to solidify the seizure of Ukrainian state bank cash and gold.
- The proposal would treat €35 million, $40 million and 9 kilograms of gold as confiscated property pending the probe.
- Fidesz leader Máté Kocsis billed the episode as a scandalous Ukrainian gold convoy.
- Kyiv condemned Budapest, with its foreign minister accusing Hungary of retroactive legalization.
- Hungary says the convoy’s security implications remain under investigation.
- The move follows broader disputes over energy and support packages between Kyiv and Budapest.
- Orbán’s government argues the move sits within Hungary’s national security considerations.
- The assets were seized from vehicles linked to Ukraine’s state-owned Oschadbank.
- The total value involved includes millions of euros and thousands of dollars in cash and gold.
- The measure would keep the seized assets in limbo until the probe concludes.
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