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The Guardian - UK
The Guardian - UK
World
Shaun Walker in Kyiv and Flora Garamvolgyi in Budapest

Hungary seizes millions of euros in cash and gold from Ukrainian convoy

Stacks of banknotes and bars of gold on a table
Photo released by Hungarian government purportedly shows money and gold bars confiscated from two armoured vehicles. Photograph: Hungarian government/AFP/Getty Images

An increasingly acrimonious spat between Hungary and Ukraine has escalated further, as Budapest impounded two Ukrainian armoured bank vehicles carrying millions of euros of hard cash as well as bars of gold.

Seven Ukrainian citizens accompanying the convoy were also arrested. Hungarian officials said the detained Ukrainians had intelligence links and suggested the money could be of dubious origin, while Ukraine’s foreign minister, Andrii Sybiha, accused Budapest of “taking hostages and stealing money”.

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