Hungarian authorities have detained seven Ukrainian bank employees and seized two vehicles carrying an estimated $40 million in cash, €35 million in currency, and nine kilograms of gold, according to a statement from Ukraine's Oschadbank.
The incident occurred on March 5th in Budapest as the armored vehicles were transporting funds from Austria to Ukraine as part of routine inter-bank operations. GPS tracking data showed the vehicles remained stationary near Hungarian law enforcement facilities in central Budapest, though the whereabouts of the employees initially remained unclear.
Ukraine's Foreign Minister Andrii Sybiha characterized the action as "state terrorism and racketeering." In a strongly worded statement, Sybiha said: "Essentially, this means that Hungary has taken hostages and stolen money. This is state terrorism."
Ukrainian media reported that the bank employees included both Ukrainian citizens and contracted security personnel. Oschadbank, one of Ukraine's largest state-owned financial institutions, operates throughout Europe to service the financial needs of Ukrainian refugees and maintain international banking relationships.
The seizure appears connected to the deepening dispute between Kyiv and Budapest over the Druzhba oil pipeline. The Soviet-era pipeline, which carries Russian oil to and , was damaged by missile strikes in February. has refused to repair the pipeline while continues its invasion, a position Prime Minister has characterized as


