Physical Market
Hungary returns Ukrainian bank vehicles but keeps cash and gold
By Anita Komuves and Krisztina Fenyo
Reuters
Thursday, March 12, 2026
BUDAPEST -- Hungary returned two seized armoured bank vehicles to Ukraine today but withheld cash and gold worth approximately $82 million, citing an investigation into alleged money laundering, a move Kyiv has denounced as theft.
Relations between Hungary and Ukraine, already strained by Hungarian Prime Minister Viktor Orban's close ties to Russia, reached a new low last week when Hungary detained seven Ukrainians transp
By Anita Komuves and Krisztina Fenyo
Reuters
Thursday, March 12, 2026
BUDAPEST -- Hungary returned two seized armoured bank vehicles to Ukraine today but withheld cash and gold worth approximately $82 million, citing an investigation into alleged money laundering, a move Kyiv has denounced as theft.
Relations between Hungary and Ukraine, already strained by Hungarian Prime Minister Viktor Orban's close ties to Russia, reached a new low last week when Hungary detained seven Ukrainians transporting cash and gold.
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Kyiv accused Budapest of taking the bank employees hostage in order to pressure Ukraine into restarting suspended oil shipments. It said the employees were engaged in a legitimate transfer.
Those detained were expelled by Hungary and crossed into Ukraine on Friday. ...
... For the remainder of the report:
https://www.reuters.com/business/finance/hungary-returns-seized-ukrainian-bank-vehicles-withholds-cash-gold-2026-03-12/
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Topics: goldcashUkraineHungarymoney laundering