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

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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