Hungarian Conservative

With increasing international pressure, Ukraine is set to abandon its list of ‘international sponsors of the war’. For a significant period, this list featured the largest Hungarian bank, OTP, leading to considerable tension between Hungary and Ukraine.

OTP Bank made several commitments regarding its future plans in the Russian market in an agreement concluded with the Ukrainian National Agency on Corruption Prevention, mediated by the European External Action Service. The Ukrainian authorities have removed the bank from the list of international sponsors of the war, and stated that now they expect OTP Bank ‘to promptly adhere to the agreement.’