US sanctions Russia-linked investment bank in Hungary

Orbán government withdraws from lender called “spy bank” by opponent

US Treasury

The US Treasury Department sanctioned Budapest-based International Investment Bank, a Russian-supported multilateral lender, on April 12, describing it as a conduit for Russian intelligence, sanctions evasion and “malign influence activities in central Europe and the western Balkans”.

In response, Hungary announced on April 13 that it would withdraw from the ban, with a government statement saying “there was no sense in carrying on with its operations following the US sanctions”. Prime minister

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account