Hungary has lifted the deportation order and entry ban for Oschadbank employees
Hungary has revoked the decision to deport seven employees of the state-owned Oschadbank and impose a three-year ban on their entry into the Schengen Area.
Oschadbank announced this.
On May 18, the Hungarian Police Directorate General for Foreigners also decided to immediately remove the relevant entries from state registries.
Oschadbank stated that the basis for this was the Hungarian authorities’ retraction of their previous conclusions regarding an alleged threat to national security posed by Ukrainians.
According to the bank’s chairman, Yuriy Katsion, this decision confirmed the Ukrainian side’s legal position.
The incident occurred on March 5, when two Ukrainian Oschadbank cash-in-transit vehicles carrying $40 million, €35 million, and 9 kg of bank gold were detained in Hungary during a special operation. Seven cash-in-transit employees were also detained at the time but were later released and returned to Ukraine.
In March, Ukraine lodged a protest with Budapest over the incident, and President Volodymyr Zelenskyy called the detention of the cash transporters an act of banditry.
In early May, Oschadbank reported that all seized funds and valuables had been returned in full.
President Volodymyr Zelenskyy stated that Hungary had returned to Ukraine the funds and valuables of Oschadbank that had been seized by Hungarian special services in March of this year.
Earlier, Hungary’s future Prime Minister Péter Magyar stated that the issue of returning the frozen Ukrainian funds of Oschadbank would be subject to negotiations only after the official formation of the new government.
