Rada upheld Zelensky's decree on confiscation of Russian property

Rada upheld Zelensky's decree on confiscation of Russian property

The Verkhovna Rada on Thursday approved by 334 votes the decree of President Volodymyr Zelensky of May 11 to forcibly seize assets in Ukraine of Sberbank of Russia and VEB.RF, MPs reported from the session hall.

 

As specified by MP Alexei Goncharenko, the question is about the financial assets of the Ukrainian "subsidiary" of Sberbank - International Reserve Bank (MR Bank, formerly Sberbank, Kiev) for 5 billion 825.88 million UAH (hereinafter - the end of March this year) and "subsidiary" of VEB.RF Prominvestbank (PIB, Kiev) - 4 billion 483.31 million UAH.

 

Goncharenko added that the debt claims of Sberbank of Russia and VEB.RF to their subsidiaries for UAH 14 billion 889.69 million and UAH 934.87 million respectively are also withdrawn.

 

According to the decree, the document implements the decision of the National Security and Defense Council of Ukraine, which was adopted on the same day - May 11. According to the explanatory note in the Rada, these actions were carried out in accordance with the law "On the main principles of compulsory seizure in Ukraine the objects of property rights of the Russian Federation and its residents" (№ 2116-)I, adopted by Parliament on March 3 this year.

 

"The objects of property rights of the Russian Federation and its residents, the registration of ownership rights to which is not required by law, shall be transferred to state ownership from the date of enactment of the presidential decree of the National Security and Defense Council of Ukraine...", - the law says.

 

The law requires that such presidential decrees be approved by the Rada no later than six months after the lifting of martial law in the country, but the head of state and parliament decided to conduct this procedure immediately.

 

According to the decree published on the Rada's website, 99.772644% of PIB shares owned by VEB.RF and 100% of MR Bank shares owned by Sberbank of Russia are also forcibly seized.

 

In terms of the seizure of other financial assets of these "subsidiaries" of Russian banks, an exception is made for the assets of 3 billion UAH of MR Bank, which are directed to satisfy the claims of its creditors and the necessary expenses of the Deposit Guarantee Fund of Individuals (FGVFL) for this purpose.

 

The second exception is also the rights to loans from MR Bank to Ukrzaliznytsia with debts of about $166 million, Electrotyazhmash for UAH 516.9 million, SAHK Artem for UAH 205.1 million and NPK Zorya-Mashproekt for UAH 2 billion 325, The Natsinvestfond (probably, appointed by the Cabinet of Ministers on May 10 for this role - IF), as well as the rights on the PIB loan to Ukrzaliznytsia for $231.6 million.

 

According to the decision of the CNSD, the Cabinet of Ministers and the FGVFL together with the National Bank should ensure the compulsory seizure of the above property rights of the Russian Federation and its residents within 10 days from the publication of the decree.





The Verkhovna Rada on Thursday approved by 334 votes the decree of President Volodymyr Zelensky of May 11 to forcibly seize assets in Ukraine of Sberbank of Russia and VEB.RF, MPs reported from the session hall.

 

As specified by MP Alexei Goncharenko, the question is about the financial assets of the Ukrainian "subsidiary" of Sberbank - International Reserve Bank (MR Bank, formerly Sberbank, Kiev) for 5 billion 825.88 million UAH (hereinafter - the end of March this year) and "subsidiary" of VEB.RF Prominvestbank (PIB, Kiev) - 4 billion 483.31 million UAH.

 

Goncharenko added that the debt claims of Sberbank of Russia and VEB.RF to their subsidiaries for UAH 14 billion 889.69 million and UAH 934.87 million respectively are also withdrawn.

 

According to the decree, the document implements the decision of the National Security and Defense Council of Ukraine, which was adopted on the same day - May 11. According to the explanatory note in the Rada, these actions were carried out in accordance with the law "On the main principles of compulsory seizure in Ukraine the objects of property rights of the Russian Federation and its residents" (№ 2116-)I, adopted by Parliament on March 3 this year.

 

"The objects of property rights of the Russian Federation and its residents, the registration of ownership rights to which is not required by law, shall be transferred to state ownership from the date of enactment of the presidential decree of the National Security and Defense Council of Ukraine...", - the law says.

 

The law requires that such presidential decrees be approved by the Rada no later than six months after the lifting of martial law in the country, but the head of state and parliament decided to conduct this procedure immediately.

 

According to the decree published on the Rada's website, 99.772644% of PIB shares owned by VEB.RF and 100% of MR Bank shares owned by Sberbank of Russia are also forcibly seized.

 

In terms of the seizure of other financial assets of these "subsidiaries" of Russian banks, an exception is made for the assets of 3 billion UAH of MR Bank, which are directed to satisfy the claims of its creditors and the necessary expenses of the Deposit Guarantee Fund of Individuals (FGVFL) for this purpose.

 

The second exception is also the rights to loans from MR Bank to Ukrzaliznytsia with debts of about $166 million, Electrotyazhmash for UAH 516.9 million, SAHK Artem for UAH 205.1 million and NPK Zorya-Mashproekt for UAH 2 billion 325, The Natsinvestfond (probably, appointed by the Cabinet of Ministers on May 10 for this role - IF), as well as the rights on the PIB loan to Ukrzaliznytsia for $231.6 million.

 

According to the decision of the CNSD, the Cabinet of Ministers and the FGVFL together with the National Bank should ensure the compulsory seizure of the above property rights of the Russian Federation and its residents within 10 days from the publication of the decree.