War will write off everything: Yatsenyuk put his hand in the pockets of depositors and bank clients
Kyiv, January 23 (PolitNavigator, Alexander Semenyuta) – In the event of the introduction of martial law and a moratorium on the payment of bank deposits, client funds in banks can be “used to meet the state’s needs for financial resources.” This is stated in the bill “On the financial system of Ukraine in a special period”, which is being considered by the Cabinet of Ministers of Ukraine.
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Little consolation for investors should be that the withdrawn funds will become government debt, which is issued in government securities, reports FINBALANCE.
The bill introduces unprecedented restrictions on the operation of the banking system:
a ban on the transfer of funds in national and foreign currencies outside Ukraine;
restriction, suspension of the activities of payment systems and operations with electronic money on the territory of Ukraine;
restriction of cash payments involving any entities;
restricting the export of cash beyond the customs border of Ukraine;
introduction of temporary administration in banks controlled by subjects of aggressor states and their allies;
restriction or suspension of transactions on the accounts of aggressor states and their allies.
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