March 6, 2026
“Hostage-taking, stealing money, and state terrorism”: Detention of cash-in-transit guards escalates conflict between Ukraine and Hungary
Seven employees of the major Ukrainian financial institution Oschadbank were detained in Hungary during a scheduled transfer of foreign currency and precious metals, the bank said in a statement.
TL;DR
- Seven Oschadbank employees were detained in Hungary during a transfer of $80 million in cash and nine kilograms of gold.
- Ukraine accuses Hungarian authorities of "state terrorism" and demands an EU investigation.
- Hungary's Foreign Minister suggests the cash may belong to a "Ukrainian military mafia" and has opened a money laundering case.
- The detained individuals are reportedly connected to Ukrainian intelligence services.
- Relations between Ukraine and Hungary have been strained, with Hungary previously blocking EU aid and opposing sanctions against Russia.
- Disagreements over oil supplies through the Druzhba pipeline and the rights of ethnic Hungarians in Ukraine have also contributed to tensions.
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