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OTP Bank

Hungary Vetoes EU Sanctions on Russian Individuals

The Hungarian government blocking the latest round of sanctions comes only days after the Orbán administration vetoed the release of €500 million of military aid to Ukraine. The blacklisting of the Budapest-based OTP Bank by Ukrainian officials is behind both…

€500 million EU Aid to Ukraine Blocked By Hungary

The European Peace Facility was posed to transfer €500 million to Ukraine for artillery round purchases, but the aid was blocked by the Hungarian government. The official explanation for the move is that Budapest would like to see the off-budget…

OTP Bank’s Ukraine Saga

Despite OTP’s continued support of Ukraine, the Ukrainian National Agency on Corruption Prevention has recently classified the Budapest-based bank as an ‘international war sponsor’ for not shutting down its Russian subsidiary….

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