Kyiv Court of Appeals orders arrest of shares in VTB, PIB, Sberbank

15:30, 12.09.2018 1 min read

The Kyiv Court of Appeals has decided to impose arrest on the shares of the Ukrainian subsidiaries of Russian banks with the state's participation, namely VTB, Prominvestbank and Sberbank (all based in Kyiv), according to a court ruling dated September 5 posted in the court rulings register.

According to the document, the decision was made in connection with the statement on securing the claim of ex-chairman of the board of PrivatBank Oleksandr Dubilet and 17 more companies, that had assets in Crimea, on recognizing and executing the decision of the Permanent Court of Arbitration in The Hague dated March 2 on recovery from the Russian Federation.