The court interferes with the receipt of compensation from the Russian Federation – Oschadbank



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The court interferes with the receipt of compensation from the Russian Federation - Oschadbank

Photo: Volyn 24

Oschadbank struggling to receive $ 1.3 billion from the Russian Federation

Ukraine’s judicial system is used to harm the interests of the state, according to Oschadbank.

The Oschadbank state is extremely concerned about the situation around the procedure for the implementation in Ukraine of the decision of the International Commercial Arbitration, the Court of Arbitration in the case of Oschadbank’s lawsuit against Russia, according to which the bank received compensation for more than $ 1.3 billion, reported the press service of the financial institution on Monday, November 30.

The reason for this was the adoption by the Supreme Court to consider the appeal against the ruling of the Kiev Court of Appeal, according to which Oschadbank was granted permission to execute the decision of the International Commercial Arbitration.

In our opinion, this decision of the Supreme Court does not comply with current legislation due to non-compliance with the procedural deadlines, as well as the fact that the complaint was filed by people who did not participate in the case and have no right to challenge the permit. correspondent. that the state bank withdraws from the distribution of the funds received after the sale of 99.77% of the shares of Prominvestbank, “said Oschadbank.

The financial institution believes that “the judicial system of Ukraine is used to harm the interests of the state and Oschadbank.”

“These illegal actions cast a shadow on the national judicial system and create risks for the investment climate in the country,” Oschabank said.

We will recall, in May 2018, that the Arbitration in The Hague awarded $ 159 million in the claim of 18 Ukrainian companies with respect to the assets seized in Crimea, some of which are associated with Igor Kolomoisky. On the basis of this decision, the companies of the oligarchy are trying to regain ownership of the Russian state banks in Ukraine, Oschadbank can also claim it in the framework of the execution of the decision of the International Commercial Arbitration.

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