Kyiv: Hungary did not return confiscated cash from the bank
Hungary has not returned confiscated cash from a Ukrainian bank following the detention of its employees during a money laundering investigation.
On Thursday, Hungary detained seven employees of Ukraine's state-owned Oschadbank as they transported cash from Austria to Ukraine, only to release them the following day. The Hungarian government claims the detainment was part of a money laundering investigation. In contrast, Kyiv alleges that Hungary has effectively taken the employees hostage in retaliation for Ukraine's refusal to open a gas pipeline that supplies Russian oil to Budapest.
This incident has severely damaged the relationship between the two neighboring countries. Hungarian Prime Minister Viktor Orbán and Ukrainian President Volodymyr Zelensky have exchanged sharp remarks, escalating diplomatic tensions. The ongoing dispute over the detained funds further complicates dialogue, with Hungary yet to return the confiscated assets, as indicated by Andriy Pyshny, the head of Ukraine’s central bank, who called the situation "shameful" on social media.
The deterioration of relations is alarming given the geopolitical context, with Zelensky seemingly issuing a direct threat to Orbán, stating that the Ukrainian armed forces would "speak to him in their language." This escalation highlights the growing tensions in Central and Eastern Europe, especially concerning energy politics and regional security, underscoring the delicate balance both countries must navigate amidst larger geopolitical pressures.