Ukraine’s Oschadbank says Hungary revokes unlawful measures against its employees

Hungarian authorities have revoked the March 6 decisions targeting Oschadbank cash collection employees, including the ban on their entry into the Schengen Area.

According to Ukrinform, this was reported by the bank’s press service.

“Today, May 18, Hungary’s National Directorate-General for Aliens Policing revoked the deportation orders and the three-year ban on entry and stay within the Schengen Area for all seven Oschadbank employees. In addition, the Hungarian side ordered the immediate removal of the relevant records from state registries,” the statement said.

It is noted that the decision was based on an official notification from Hungary’s competent constitutional protection authority withdrawing its previous conclusions regarding an alleged national security threat posed by the Ukrainian citizens.

The Ukrainian bank emphasized that the notification came only after the relevant decisions had been challenged in court.

The Hungarian side chose not to wait for the completion of the court proceedings in Budapest and independently revoked the restrictions imposed on March 6, 2026, when Hungarian authorities decided to deport the Ukrainian citizens – Oschadbank cash collectors – and ban them from entering Schengen countries.

“Not only did we defend the rights of our people, but also the reputation of a state financial institution operating exclusively within the framework of international law,” said Oschadbank CEO Yurii Katsion.

The bank expressed gratitude for the support to President Volodymyr Zelensky, the National Bank of Ukraine, the Ministry of Foreign Affairs of Ukraine, as well as the law firms Horvathlawyers and Asters.

As reported earlier, on March 5, 2026, two Oschadbank armored cash-in-transit vehicles together with their crews were unlawfully detained in Hungary while transporting USD 40 million, EUR 35 million, and 9 kilograms of bank gold from Vienna to Kyiv in transit.

The seven Oschadbank cash collection employees unlawfully detained by Hungarian law enforcement returned to Ukraine on March 6. On March 12, Oschadbank regained possession of the two armored vehicles, and on May 6, Hungary returned the unlawfully detained funds and valuables.