politics
March 7, 2026
Hungary seizes millions in gold and cash linked to ‘Ukraine war mafia’
The Hungarian authorities have seized Ukrainian cash and gold as part of a money laundering probe
TL;DR
- Hungary detained Ukrainians transporting approximately $100 million in cash and gold bars.
- Hungarian Foreign Minister Peter Szijjarto described the operation as linked to a "Ukrainian war mafia."
- Ukraine's Oschadbank stated that nearly nine kilograms of gold and some $80 million were intercepted.
- Hungary's National Tax and Customs Administration reported over $900 million, €420 million, and 146 kilograms of gold transported through Hungary to Ukraine this year.
- The intercepted transfer was allegedly supervised by a retired Security Service of Ukraine general and a retired Air Force major.
- Hungary stated that Kiev's consular services were immediately informed, contradicting Ukrainian claims.
- Ukrainian President Zelensky issued a threat against Hungarian Prime Minister Orban, which Brussels condemned.
- This incident occurs amidst ongoing political tensions and accusations between Hungary and Ukraine.
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