Hungarian Tax Authority seizes $115 million and gold from Ukrainian state savings bank funds amid tensions with Ukraine
The Hungarian Tax Authority has confirmed the seizure of approximately $115 million and a quantity of gold from Ukrainian funds associated with the state savings bank of Ukraine. This controversial action follows the detention of seven bank employees, all of whom were later returned to Ukraine. However, the seized assets remain in Hungarian custody, leading to significant international tensions, particularly between Hungary and Ukraine. The ruling Fidesz party in Hungary has proposed that the seized cash and gold be retained for an investigation lasting two months. This decision has been interpreted by Ukrainian officials as an act of theft, exacerbating... [Continue Reading]
