Tuesday, March 10, 2026

 the ukraine and hungary aren't getting along; 

 

The latest diplomatic explosion between Hungary and Ukraine did not come out of nowhere. Hungarian authorities recently detained seven Ukrainian nationals traveling through the country in armored vehicles carrying enormous quantities of cash and gold, reportedly tens of millions of dollars and kilograms of bullion. Kyiv immediately accused Hungary of “state banditism” and hostage-taking, while Budapest launched a money-laundering investigation and announced the individuals who they deem a “Ukrainian gold convoy” would be expelled.

But this incident cannot be understood without the broader economic conflict unfolding between the two countries. It is highly suspicious that these workers were traveling with 40 million in USD, 35 million euros in cash, and 9 kilos of gold. If it were nationals from any other nation then money laundering would not be deemed hostage taking. For Hungary, this is about energy and the oil lifeline that keeps Hungary’s economy running. Hungary and Slovakia rely heavily on crude delivered through the Druzhba pipeline network, one of the main arteries carrying Russian oil into Central Europe. That pipeline has been offline since late January after infrastructure damage in Ukraine halted deliveries, leaving the two countries facing supply shortages and rising economic pressure.............more...........

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