"The gold and the money was being transported through Hungary by road when Hungary seized it last Thursday. Authorities said they suspected money laundering. The shipment included $40m and 35m euros in cash, as well as 9kgs (19.8 pounds) of gold worth about $82m, based on current rates."
"The seizure has outraged Ukrainian authorities who accused Hungary's Russia-friendly government of acting illegally. The Ukrainian president, Volodymyr Zelenskyy, accused Budapest of banditry over its seizure of the bank transport, and the temporary detention of its Ukrainian crew. Zelenskyy urged European leaders not to stay silent about Budapest's actions."
"The seizure followed a dispute over gas supplies, in which Hungary and Slovakia accused Kyiv of deliberately stalling on repairs to an oil pipeline after it was hit in an apparent Russian drone attack."
Hungarian authorities seized a Ukrainian cash and gold shipment worth approximately $122m while it transitioned through Hungary, citing suspected money laundering. The confiscation includes $40m, 35m euros in cash, and 9kg of gold. Hungarian Prime Minister Viktor Orban ordered the assets held for up to 60 days during investigation. The seizure follows disputes over gas supplies between Hungary, Slovakia, and Ukraine regarding pipeline repairs after Russian drone damage. Ukrainian President Zelenskyy condemned the action as banditry and illegal, urging European leaders to respond. Meanwhile, battlefield reports show conflicting claims: Ukraine claims significant territorial gains in Dnipropetrovsk, while Russia asserts progress in the Donbas region.
#hungary-ukraine-relations #asset-seizure-and-money-laundering #russia-ukraine-conflict #gas-supply-disputes #international-tensions
Read at www.theguardian.com
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