politics

March 12, 2026

Ukraine can’t explain ‘war mafia’ cash convoy

A Ukrainian cash and gold convoy could be part of attempts to meddle in Hungary’s elections, Foreign Minister Peter Szijjarto has said

Ukraine can’t explain ‘war mafia’ cash convoy

TL;DR

  • Hungary seized $40 million, €35 million in cash, and 9 kg of gold from a Ukrainian convoy.
  • The convoy was supervised by individuals with alleged ties to Ukrainian intelligence and military backgrounds.
  • Hungarian Foreign Minister Peter Szijjarto questioned Ukraine's failure to explain the convoy's transit and purpose.
  • Szijjarto suggested the funds could be linked to Ukrainian efforts to interfere in Hungary's upcoming elections.
  • Ukraine has condemned the seizure as "state banditism" and "blackmail."
  • The detained Ukrainians were reportedly represented by a law firm linked to an opposition party.

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