Ukraine Suspends OTP Status on 'Sponsors of War' List

Ukraine Crisis

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Ukraine's National Agency on Corruption Prevention (NACP) on Friday announced it temporarily suspended the status of OTP Bank, Hungary's biggest commercial lender, from a list of "international sponsors of war", according to a report by state news wire MTI.

The decision was made as a result of negotiations "to terminate cooperation with the Russian Federation", a condition which must be fulfilled for removal from the list, the NACP said.

The NACP "hopes that this decision will lead to Hungary's unblocking of EUR 500 million of vital EU military aid for the Ukrainian people", the agency added. 

The NACP "is always open to cooperation with international businesses and is ready to consult on the steps necessary for de-listing", it said.

A spokesman for Hungary's Ministry of Foreign Affairs and Trade told MTI on Saturday that the NACP decision "doesn't really change anything".

"Until OTP is removed from the list, Hungary will not back any further European Union financing of Ukrainian weapons deliveries," Máté Paczolay said.

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