NAPC excluded the Hungarian OTP Bank from war sponsors: it can unblock military aid | News of Ukraine


The National Agency for the Prevention of Corruption has suspended the status of five Greek shipping companies – Dynacom Tankers Management (DTM), Delta Tankers LTD, Thenamaris Ships Management Inc., Minerva Marine, TMC Tankers LTD, as well as the Hungarian OTP Bank – in the list of international war sponsors. This decision was made based on the results of negotiations between representatives of NAPC, companies and governments of these countries on the termination of cooperation with Russia, the statement says. message on the department’s website.

“From now on, on the “War and Sanctions” portal, in the “International War Sponsors” section, these six companies will have a temporarily suspended status. Their further removal from the list will depend on compliance specified conditions“, writes NAPC.

The department expressed the hope that such a decision will lead to Hungary unblocking 500 million euros of “vital” military assistance from the European Union for the Ukrainian people.

In May, the head of the Hungarian Foreign Ministry said that the state intends to block further tranches of EU military support for Ukraine and any new package of EU sanctions against Russia until OTP Bank is removed from the Ukrainian list of war sponsors

NAPC also hopes that this decision will eliminate the possibility that Greece will block a future package of EU sanctions aimed at reducing the ability of the Russian Federation to continue the war against Ukraine.

“The agency is always open to cooperation with international business and is ready to consult on the steps necessary to be removed from the list,” the agency writes.

Hungarian OTP Bank is the basis of the international financial group OTP Group – one of the leaders in the financial services market in Central and Eastern Europe according to the Budapest Stock Exchange. OTP Bank has subsidiary banks in Russia, Ukraine, Croatia, Slovenia, Slovakia, Montenegro and Romania.

  • May 4, 2023 NAPC contributed Hungarian OTP Bank to the list of international war sponsors. The decision was made due to the position of the bank’s management to continue operating in Russia and the actual recognition of the so-called Donetsk and Lugansk “people’s republics”.
  • Next day OTP Bank Ukraine published a statementin which he calls false information about the activities of OTP Group in the Russian market.
  • August 7 NAPC returned There are five Greek shipping companies on the list of war sponsors.

Read also: The Pechersk court again helped Portnov. Canceled the closure of his accounts at OTP Bank

If you notice a spelling error, highlight it with the mouse and press Ctrl+Enter.



Please enter your comment!
Please enter your name here

Share post:


More like this