Hungary Returns Seized Oschadbank Cash and Gold to Ukraine

Ukrainian President Volodymyr Zelenskyy called it ‘an important step in relations with Hungary.’

Ukrainian President Volodymyr Zelenskyy makes a statement as he arrives for the EU Summit in Ayia Napa, Cyprus, on April 23, 2026. Petros Karadjias/AP Photo

Budapest has returned to Ukraine gold and cash it had seized from bank vehicles that were transporting the assets across Hungary.

Under Hungarian Prime Minister Viktor Orban, who recently lost an election to Peter Magyar, officials in March confiscated $82 million in cash and gold from armored vehicles belonging to Ukrainian state-owned bank Oschadbank on suspicion of money laundering. Ukraine condemned the move as racketeering.