Andrew Pussycat: video AristocratsTV / YouTube
Ukrainian Oschadbank plans to conduct a worldwide confiscation of Russian property as compensation for the annexation of Crimea. In an interview with UNIAN said the Bank’s Chairman of Board Andrey Lush.
So Lush is planning to get the money that Oschadbank was able to seize Crimea in the arbitration court of Paris. The amount of compensation amounted to 1.3 billion rubles.
Because to pay the claim is refused, additional interest is charged. At the time of the interview, the size of the fines reached $ 180 million. As Lush said, every day the debt increases by 100 thousand dollars.
He noted that the court’s decision may be enforced in 154 jurisdictions where the Russian property can be seized.
In addition to seizures, Oschadbank plans to use the mechanism of replacement of the creditor in the relations of Russia with Western counterparts. “Asset tracing is the large amount of work. However, this tool is working, and we are not going to abandon it,” explained Lush. He also called on other Ukrainian companies to go to court, “to restore justice”.
Oschadbank has filed a lawsuit against Russia in the summer of 2015. It talked about the loss of the credit institution’s assets due to the depreciation issued to residents of Crimea credits. The Bank was forced to create additional provisions, which led to additional costs and resulted in a net loss for 2014 of $ 8.5 billion hryvnia (27,2 billion rubles at the then exchange rate) against 678,7 million (2.1 billion) profit a year earlier.
Video, photo All from Russia.