REUTERS
Residents of the Russian-occupied Crimea have been spotted in lines to the ATMs to withdraw their money fearing to lose the funds in their accounts because of the debts on loans to Ukrainian banks, according to Novosti Kryma news outlet.
"In 2016, indeed, there will be an opportunity to write off funds from the bank accounts upon court orders, without the consent of the cardholder. However, this does not apply to debts of Crimean residents to the Ukrainian banks, since there have been no such orders yet," the occupied Crimea’s bailiff service reported.
As UNIAN report ed earlier, the Russian State Duma has approved a bill on repayment and non-judicial settlement of debts of residents of Crimea and Sevastopol to the Ukrainian banks.
Read alsoRussia allows recovering debts of Crimean residents to Ukrainian banks. In rublesIt is noted that the repayment will be made only in the Russian national currency. The document provides for the mandatory pre-trial procedure for settling disputes between borrowers and lenders. Entities entitled to demand repayment of debts are required to make a written statement on the dispute settlement to Deposit Protection Fund established by Deposit Insurance Association. They include banks and non-credit institutions set up in accordance with the Russian legislation and that have provided evidence of the acquisition of such rights.
Read alsoCrimea's de facto head Aksyonov announces purge of local authoritiesThe de-facto Crimean authorities vow to challenge the newest legislation and push for corrections and amendments.