Hungary Returns Seized Ukrainian Cash and Gold, Improving Relations
The article details a dispute between Hungary and Ukraine over seized assets belonging to Oschadbank. Hungarian authorities stopped a convoy transporting the bank’s assets, leading to accusations of “state terrorism and racketeering” from Kyiv. While Hungary initially moved to formalize the confiscation, relations have since improved following Ukraine’s election victory. This thaw has seen Hungary lift its veto on EU loans to Ukraine and eased tensions surrounding oil shipments.
John Q. Hosedrinker