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Ukraine transfers Russia-owned bank assets to National Investment Fund
Journal Staff Report

KYIV, Sept 19 – The Government of Ukraine has decided to transfer to the National Investment Fund the shares of Ukrainian subsidiaries of the Russian Sberbank and VEB, as well as their rights under loans to Ukrzaliznytsia with a debt of approximately $397.6 million, to Electrotyazhmash for UAH 516.9 million, Artem Holding for UAH 205.1 million and Zorya-Mashproekt for UAH 2.325 billion.

Government order No. 815 dated September 13 was published on its website and adopted in accordance with the decision of the National Security and Defense Council of May 11 this year on the forced withdrawal of the assets of Sberbank and VEB, which was put into effect on the same day by president's decree and approved by the Verkhovna Rada on May 12.




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