Hungarian authorities are expelling seven Ukrainian nationals and have launched a money-laundering investigation after intercepting a convoy belonging to Ukraine's Oschadbank. The vehicles were reportedly carrying $40 million, €35 million, and nine kilograms of gold from Austria to Ukraine. The Hungarian government released footage of the raid, conducted by the Anti-Terrorist Police. This incident intensifies already strained relations between Hungary and Ukraine, following recent sharp exchanges between Prime Minister Viktor Orbán and President Volodymyr Zelenskyy.
Ukraine's Foreign Minister accused Hungary of abduction and theft, stating Ukrainian citizens were taken hostage and their money stolen. Ukraine insists the transfer was lawful. Hungary, however, questioned the need for large cash transfers, noting Ukraine had previously moved significant sums and gold through the country.
The dispute occurs amidst broader tensions, including Hungary's frustration over the shutdown of an oil pipeline carrying Russian oil, which Budapest blames on Ukraine. Prime Minister Orbán had threatened to use force to restore oil flows, prompting a strong retort from President Zelenskyy. NGOs with government ties have also protested outside the Ukrainian embassy in Budapest, alleging Ukrainian interference in Hungary's upcoming elections.