Hungarian Foreign Minister Peter Szijjarto has raised concerns about an armored convoy from Ukraine that was recently stopped in Hungary, claiming that Ukraine has not adequately explained the presence of cash and gold valued in the tens of millions being transported. The convoy, supervised by individuals with alleged ties to the Ukrainian intelligence services, has drawn suspicion that these funds could be tied to Ukrainian efforts to influence Hungary's upcoming elections.

This incident follows the seizure of two trucks belonging to the Ukrainian state-owned bank Oschadbank near Budapest, where authorities impounded approximately $40 million and €35 million in cash, along with 9 kilograms of gold. These assets were reported to be transported from Raiffeisen Bank in Austria to Ukraine, adding another layer of complexity to the situation. Tensions between Hungary and Ukraine have been rising, and this incident is seen within that broader context of strained relations.

Additionally, Hungarian authorities noted that the convoy was accompanied by a former general of Ukraine’s Security Service and several escort members with military backgrounds, leading to their deportation from Hungary. This has raised alarms about the activities surrounding the convoy, contributing to worries over potential money laundering and electoral interference. The handling of the situation remains under close scrutiny from both nations, and the implications of this incident could further impact diplomatic ties amidst ongoing conflict in the region.