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Hungary Returns Ukrainian Bank Vehicles, Keeps $82 Million in Cash and Gold

Hungary is using a new 60-day retention law to hold the cash and gold for a security probe.

Overview

  • Oschadbank said the two armored cars were handed back on March 12, while US$40 million, €35 million and nine kilograms of gold remain in Hungarian custody.
  • Hungary’s parliament authorized the tax and customs authority to retain the assets for up to 60 days to investigate their origin, destination and any national security links.
  • Hungarian minister János Lázár linked the hold to the halted Druzhba oil transit, saying the funds would stay in Hungary as Budapest waits for the pipeline to reopen.
  • Seven Oschadbank employees were detained during the March 5–6 transfer from Austria to Ukraine, then expelled to Ukraine; the bank insists the transport was lawful and is pursuing legal remedies.
  • Oschadbank reported partial return of staff belongings and documented equipment malfunctions after the handover, as a separate Hungarian delegation traveled to Kyiv to review the pipeline without Foreign Ministry clearance.