Kyiv court unfreezes accounts of liquidated bank owned by Yanukovych's son

Some US$44.4 million was frozen on the bank's accounts.

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Kyiv's Shevchenkivsky District Court has unfrozen accounts of the liquidated Vseukrayinsky Bank Rozvytku (All-Ukrainian Development Bank), also known as VBR Bank, which was owned by ex-president Viktor Yanukovych's Oleksandr Yanukovych.

"On April 17, 2019, investigative judge of Kyiv's Shevchenkivsky district court [Oksana] Holub overturned the seizure of All-Ukrainian Development Bank's accounts," Ukrainian chief prosecutor's press secretary Larysa Sargan said on Twitter on April 17.

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"Prosecutors are drawing up an urgent motion [to challenge the court's ruling]," she added.

According to her, some UAH 1.2 billion, or US$44.4 million, was frozen on that bank's accounts.

As UNIAN reported in April 2018, about UAH 2 billion (US$76 million at the forex rate as of April 2018) of the UAH 2.6 billion ($99 million) seized on VBR Bank's accounts had already been withdrawn, while the rest of the assets existed only on paper.

Ukrainian Interior Minister Arsen Avakov announced the seizure of the said funds back in 2015.

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