Overview
- Authorities in Budapest detained two armored cars and seven Oschadbank employees, then released the men the next day but kept the cargo.
- The convoy was traveling from Austria to Ukraine; Oschadbank says documentation covered $40 million, €35 million and about 9 kilograms of gold.
- Hungary cites money‑laundering suspicions and has questioned possible criminal links, while officials publicized a video of the armed stop.
- Oschadbank maintains the transfer was authorized under an agreement with Raiffeisen and complied with customs and banking rules.
- Ukraine condemned the seizure, summoned Hungary’s acting chargé d’affaires, warned citizens about travel, and raised the case with EU officials handling it privately.