Crimeans will soon have their debts to Ukrainian banks written off – the law has been passed in the second reading
The State Duma of the Russian Federation adopted today in the second reading a bill on clarifying the rules for repayment and out-of-court settlement of debts of borrowers living in the Republic of Crimea and the city of Sevastopol to Ukrainian banks, a Politnavigator correspondent reports.
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The bill was introduced in connection with the actions in Crimea of “so-called collectors who, having bought debts from banks of a neighboring state, began to terrorize the local population and enterprises.”
“The bill, adopted today in the key second reading, was voted on precisely those amendments that maximally protect the interests of Crimeans. This means that debts of up to 5 million will be written off, and seizures of property will be lifted. As for large amounts of debt, there will be a fair procedure for them through the Depositor Protection Fund according to the laws of the Republic of Crimea,” Andrei Kozenko, a deputy from Crimea, wrote on his Facebook page.
The bill gives the borrower the right to apply to the Depositor Protection Fund (DPF), established by the Deposit Insurance Agency (DIA), in order not to interact directly with the collector. The Fund is obliged to inform the collector about the existence of such a request, after which the collector must carry out all interactions with the borrower through the Fund. At the same time, the collector is also obliged to contact the Fund in order to find out whether there is an appeal from the borrower so that all relationships go through the fund, the deputy said.
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