On May 12, the Verkhovna Rada approved a decree by President Volodymyr Zelensky on the forced seizure of assets in Ukraine by subsidiaries of Sberbank of Russia and VEB.RF.
334 people’s deputies gave their votes for such a decision.
These are financial assets:
- Ukrainian “daughter” of “Sberbank” – “International Reserve Bank” (“MR Bank”, earlier – “Sberbank”, Kiev) for UAH 5 billion 825.88 million;
- Ukrainian “daughter” “VEB.RF” “Prominvestbank” (“PIB”, Kiev) – UAH 4 billion 483.31 million.
In addition, the right to claim the debt of Sberbank of Russia and VEB.RF to their subsidiaries for UAH 14 billion 889.69 million and UAH 934.87 million, respectively, will be withdrawn .
99.772644% of PIB shares owned by VEB.RF and 100% of MR Bank shares owned by Sberbank of Russia are also forcibly withdrawn.
However, in terms of the withdrawal of other financial assets of these subsidiaries of Russian banks , there is an exception for assets worth UAH 3 billion of MR Bank. This money is directed to meet the requirements of creditors and the necessary expenses of the Deposit Guarantee Fund for individuals.
Another exception is the rights under loans from MR Bank to Ukrzaliznytsya with a debt of approximately USD 166 million, Electrotyazhmash for UAH 516.9 million, Artyom SJSHC for UAH 205.1 million and NPKH Zarya-Mashproekt for UAH 2 billion 325.3 million, as well as the rights under the PIB loan to Ukrzaliznytsia for $231.6 million, which are subject to transfer (probably to the National Investment Fund intended for this role by the Cabinet of Ministers on May 10 – ed.).
The Cabinet of Ministers, DGF and the National Bank must ensure the forced withdrawal of these objects of property rights of Russia and its residents within 10 days from the date of publication of the decree.
Recall that at the same meeting of the parliament , the parliamentary group “Platform for Life and Peace” was dissolved, into which the “Opposition Platform – For Life” was renamed earlier.
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