10 days have been given for this from the moment Zelensky’s decree was put into effect.
The National Security and Defense Council decided to forcibly seize objects of property rights of the Russian Federation and its residents.
This is stated in the documents bill №7371 on approval of the presidential decree on the implementation of this decision of the National Security and Defense Council.
According to the decision of the National Security and Defense Council of May 11, which is attached, it was decided to forcibly withdraw in Ukraine objects of property rights of the Russian Federation and its residents, namely:
- corporate rights (99.78%) of PJSC “Joint Stock Commercial Industrial Investment Bank” (“Prominvestbank”), owned by the State Development Corporation “VEB.RF” (Vnesheconombank);
- corporate rights (100%) of JSC “International Reserve Bank”, owned by the public joint-stock company “Sberbank of Russia”.
In addition to corporate rights, Ukraine will forcibly withdraw financial assets, that is, the right to claim debt:
- “VEB.RF” to PJSC “Joint-Stock Commercial Industrial Investment Bank” (“Prominvestbank”);
- “Sberbank” to “International Reserve Bank”,
- both “subsidiaries” of Russian banks to legal entities.
Financial assets are also seized. For “MRB” – all funds except UAH 3 billion, which will be used to meet the needs of depositors. In addition, Ukraine withdraws from MRB the right to claim the debt of the Donetsk Railway in the amount of about UAH 4.9 billion. UAH 517 million of the debt of Electrotyazhmash, the debt of the state company Artem in the amount of UAH 205 million, and the debt of the Zorya-Mashproekt enterprise of UAH 2.3 billion are nationalized.
With regard to Prominvestbank, the debt of Ukrzaliznytsia in the amount of UAH 6.7 billion with interest is withdrawn.
The right to claim the debt of the Russian Sberbank and VEB.RF to their Ukrainian subsidiaries (14.9 billion hryvnia and 0.9 billion hryvnia) is also being nationalized.
The corresponding bill “On approval of the Decree of the President of Ukraine “On the decision of the National Security and Defense Council of Ukraine dated May 11, 2022″ On the forced seizure in Ukraine of objects of property rights of the Russian Federation and its residents” was defined by the President as urgent.
After the publication of the presidential decree, the Cabinet of Ministers and the Deposit Guarantee Fund with the participation of the National Bank have 10 days to implement it.