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Hungary returns bank vehicles seized from Ukraine, holds onto $100m in cash and gold
Hungary returned two seized armoured bank vehicles to Ukraine on March 12 but withheld cash and gold worth approximately US$82 million (S$104 million), citing an investigation into alleged money laundering, a move that Kyiv has denounced as theft. Relations between Hungary and Ukraine, already strained by Hungarian Prime Minister Viktor Orban’s close ties to Russia, reached a new low last week when Hungary detained seven Ukrainians transporting cash and gold. Kyiv accused Budapest of taking the bank employees - engaged in a legitimate transfer - hostage in order to pressure Ukraine into restarting suspended oil ... (full story)