Mar 6 β€’ 06:33 UTC πŸ‡ΊπŸ‡¦ Ukraine Ukrainska Pravda

Ukraine's National Bank demands immediate release of Ukrainian cash-in-transit staff from Hungary

The National Bank of Ukraine is urging Hungarian authorities to release Ukrainian staff from Oschadbank who are being held illegally in Hungary.

The National Bank of Ukraine (NBU) has formally requested that the Hungarian government immediately release Ukrainian cash-in-transit personnel who were apprehended and are currently held against their will. This demand comes in light of a serious incident on March 5, during which seven employees of the state-owned Oschadbank were seized in Budapest while handling cash and valuables. The NBU is not only seeking their release but also an official explanation from the Hungarians regarding the circumstances of their detention and the status of the cash-in-transit vehicles that were seized along with their cargo.

Ukrainian Foreign Minister Andrii Sybiha elaborated on the situation, confirming that two teams responsible for asset handling were involved in the incident, and he indicated that this action by Hungarian authorities raises serious concerns regarding the treatment of Ukrainian citizens abroad. The National Bank's demand underscores the growing tensions between Ukraine and Hungary, particularly as it pertains to diplomatic relations and the treatment of Ukrainian nationals in neighboring countries.

The issue has implications for the banking operations of Oschadbank, especially regarding the safety and legality of cash-in-transit operations which are crucial for maintaining economic stability in Ukraine. The situation may also impact Hungary's diplomatic relations with Ukraine, compelling both sides to address the matter promptly to prevent further escalation of tensions.

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