Hungarian FM: Govt wants guarantee that OTP not returned to International Sponsors of War list

Foreign Minister Péter Szijjártó said on Wednesday that a decision by Ukraine to remove OTP from the International Sponsors of War list was “a step in the right direction”, but the government wants a guarantee that the bank will not be returned to the list.

Szzijjártó told the press that he had invited representatives of Ukraine’s National Agency on Corruption Prevention (NACP) to discuss the matter.

Answering a question at a joint press conference on a different subject held with his Moldovan counterpart, Szijjártó said in that the removal of OTP from the list was a welcome move but it also showed that the NACP had essentially admitted that the bank had been put on the list for “unfounded, deceitful and laughable” reasons.

He said it was an unfounded claim that OTP was a decisive player in Russia’s banking system when the bank’s market share there was only 0.17 percent. The claim that OTP was operating in Donetsk “belonged to the category of laughable” considering that it had a branch in a town with the same name in Russia but several hundred kilometres from the Ukraine border, he added.