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Hungary , Sunday 30 August 2026

Hungary Freezes Russian ‘Spy Bank’ Deposits; Others Hope Against Hope

Published on: Tuesday 13 August 2024

Hungary Freezes Russian ‘Spy Bank’ Deposits; Others Hope Against Hope IIB is pushing to have sanctions lifted so it can ‘fulfil its obligations to investors and creditors’, yet few believe they will get any money back. Hungary has frozen €19 million of the development bank’s deposits but is remaining silent on efforts to recoup the rest.



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