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Cabinet allocates UAH250 million to refund Soviet-era deposits
Journal Staff Report

KIEV, May 26 – The Ukrainian cabinet has allocated UAH250 million to reimburse defaulted Soviet-era deposits in Sberbank and Gosstrakh.

A total of UAH 87million would be sent to depositors who have not received refunding of no more than UAH1,000 per depositor, as foreseen in a cabinet resolution of Jan. 9, 2008, in the order that they submitted information to the register of defaulted Soviet-era depositors.

In addition, UAH157 million would be sent to the legal heirs of depositors who died in 2005-2008, or other individuals who did not receive a refund, up to UAH500 for each heir.




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