The dispute over seized funds and gold bars exacerbated the multilayered tensions between Budapest and Kiev
A Ukrainian state-owned financial institution has demanded that Hungary return tens of thousands and thousands of {dollars} in cash and gold bars seized from an armored truck convoy, which Budapest claims might be tied to what officers have described as a “Ukraine conflict mafia.”
The dispute provides to mounting tensions between the neighbors over Russian oil, sanctions, monetary assist to Ukraine, and the conscription of ethnic Hungarians into the Ukrainian military, which not too long ago prompted Ukrainian chief Vladimir Zelensky to situation a private menace to Hungarian Prime Minister Viktor Orban.
Earlier this week, Hungarian police stopped two armored automobiles carrying round $80 million in US {dollars} and euros and 9 kilograms of gold on suspicion of cash laundering. Seven Ukrainian nationals touring with the convoy have been detained and later deported.
🚨 Watch the second the “Ukrainian gold convoy” was stopped.Within the video: armored cash automobiles carrying $40M, €35M and 9 kg of gold via 🇭🇺 Hungary towards Ukraine. Amongst these detained was a former Ukrainian intelligence normal.This isn’t an extraordinary switch. Since… pic.twitter.com/LpMfQvlK71
— Balázs Orbán (@BalazsOrban_HU) March 6, 2026
In an announcement launched on Sunday, Ukraine’s Oschadbank demanded the return of what it described as “illegally seized” belongings that had been deposited within the financial institution by Ukrainian residents and companies. In accordance to Oschadbank, the funds have been being transported from its companion, Austria’s Raiffeisen Financial institution, as a part of a routine switch.

Orban questioned the legitimacy of the funds, saying that Ukraine had not defined why such a big sum was being transported via Hungary or the place it got here from.
“We simply need to know what the Ukrainians are doing with all this cash in Hungary,” he mentioned at a marketing campaign rally in Debrecen. “All we’ve proper now are questions, however we are going to discover the solutions,” Orban added.
Budapest has accused Kiev of intentionally shutting down a Soviet-era pipeline that delivers Russian oil to Hungary via Ukrainian territory. Ukraine, which has been pressuring Hungary to cease shopping for Russian oil, claimed that the pipeline was broken by a Russian strike.
Final month, Hungary blocked a $105 billion EU mortgage to Ukraine, after which Zelensky threatened to reveal Orban’s tackle to Ukrainian troops so they may “name him and converse with him in their very own language.” Hungary and the EU have denounced the menace as unacceptable.
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