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Hungary moves to legalize seizure of Ukrainian bank cash convoy

.NETWORKShorouk - EuropeHungary moves to legalize seizure of Ukrainian bank cash convoy

Hungary’s ruling party on Monday introduced a bill aimed at cementing last week’s controversial seizure of millions of euros worth of Ukrainian state bank cash and gold.

The measure would allow authorities to freeze the assets while a national security investigation unfolds.

The proposal, introduced by Fidesz parliamentary leader Máté Kocsis, would treat the €35 million, $40 million and 9 kilograms of gold seized from vehicles linked to Ukraine’s state-owned Oschadbank as confiscated property until Hungary’s tax and customs authority concludes its probe.

According to Hungarian outlet Telex, lawmakers plan to debate the legislation under an unusual fast-track procedure after the parliament’s national security committee met Monday.

Hungarian authorities say they are examining whether the convoy — stopped while transiting the country last week — posed national security risks. They are also investigating the origin and intended use of the money.

Hungarian officials insist key questions about the convoy remain unresolved. Fidesz parliamentary leader Kocsis described the episode as a “scandalous Ukrainian gold convoy” and said investigators are examining whether the transport of such large quantities of cash and bullion could pose security risks to Hungary.

Ukraine’s foreign minister, Andrii Sybiha, slammed the move on X, accusing Budapest of trying to retroactively legitimize an illegal seizure. “Hungary is falling down a spiral of lawlessness,” Sybiha wrote, calling the bill “a de facto recognition that Hungary’s actions lack any legal grounds.”

The clash is the latest flare-up in a long-running feud between Kyiv and Budapest. Prime Minister Viktor Orbán has repeatedly butted heads with Ukraine over energy flows through the Druzhba pipeline, opposed Kyiv’s bid to join the European Union and blocked major EU financial support packages — including a €90 billion lifeline intended to keep Ukraine’s government functioning during the country’s war with Russia.


Source:

www.politico.eu

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