Oschadbank JSC announced its intention to use legal mechanisms to recover property and valuables that were unlawfully detained in Hungary on March 6, 2026.
The statement was published on the bank’s official Facebook page.
Legal Position and Future Actions
“After the illegal seizure in Hungary on March 5, 2026 of seven Oschadbank employees, two cash-in-transit vehicles, and the valuables they were transporting, Ukrainian citizens have returned home. But the vehicles and valuables remain unlawfully detained”
– Oschadbank
Having established a clear position on protecting its rights, the bank plans actions in two directions to restore its lawful rights and recover the property.
“First: to appeal the decision on restrictive measures allowing the employees to stay on the territory of the EU, which were unfoundedly imposed on the cash-in-transit crew by Hungary’s Migration Authority. The issue of violations of Oschadbank employees’ rights during their detention for more than a day without access to legal aid and consular support will also be examined in detail”
– Oschadbank
“Second direction: taking legal steps to return the bank’s property – two cash-in-transit vehicles and valuables totaling 40 million USD, 35 million EUR, and 9 kg of bank gold”
– Oschadbank
Oschadbank assures that its actions fully comply with the country’s laws, and the full package of documents has already been submitted to the National Bank of Ukraine. It is also planned to engage an independent international auditing firm to verify contract documentation and processes related to the transport of funds and valuables involved in transit operations.
“Oschadbank demands the return of its cash-in-transit vehicles and the valuables they were transporting in full”
– Oschadbank
In the night of March 6, international and local confirmations indicated that the Hungarian side detained seven Oschadbank employees together with two vehicles carrying cash during a transit route between Austria and Ukraine. The Hungarian Tax Authority later confirmed the detention and opened a criminal case on suspicion of money laundering. It later became known that the Ukrainian specialists were released and crossed the Ukrainian border.
The National Bank of Ukraine recommended banks adapt routes and avoid routes through countries with increased risk of blocking shipments. On March 7, the regulator also noted that the detention of cash-in-transit vehicles could create situational difficulties in delivering currency from abroad.