Hungary has detained seven Ukrainian nationals transporting over $80 million in cash and gold, leading to diplomatic tensions between the two countries. The National Tax and Customs Administration (NAV) intercepted the group during the “Ukrainian gold convoy operation,” discovering approximately $40 million, €35 million, and 9 kilograms of gold (valued at roughly $1.5 million). The suspects were reportedly dressed in military tactical uniforms, prompting concerns of potential ties to the Ukrainian war mafia.
Hungarian officials initiated a criminal investigation, stating the convoy raised legitimate suspicions of money laundering. The detained individuals, including a former Ukrainian intelligence general, have since been expelled. Ukraine’s foreign minister, Andrii Sybiha, characterized the detentions as “state terrorism,” asserting that the detainees were employees of state-owned Oschadbank conducting routine currency transfers due to the ongoing conflict.
This incident adds to the strains in Hungary-Ukraine relations, which have already been complicated by historical disputes over energy supplies and financial aid from the European Union. The Ukrainian government has launched its own investigation, labeling the actions as illegal deprivation of liberty.
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