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‘Golden Convoy’: 1,000 Cash Transfers From Austria to Ukraine Since 2022

More than €18 billion in cash and precious metals transited through Austria on their way to Kyiv since the war began.

A major political dispute has opened in Austria after it was revealed that the country has quietly overseen transports of close to €20 billion to Kyiv over the past four years.

The sum was unveiled in response to a parliamentary question from Austria’s right-wing populist FPÖ, following Hungary’s interception in March of an armoured cash convoy carrying tens of millions of dollars and gold from Austria to Ukraine. Hungary has since returned the seized assets in a less-than-transparent move, following the electoral defeat of the ruling Fidesz party.

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