(QHA) -

Crimea head Sergey Aksyonov told his constitutes to hold back with paying off loans to the Ukrainian banks that ceased operations in Crimea, RIA Novosti reports.

Following Crimean annexation all the Ukrainian banks operating in Crimea have withdrawn from the region.

“The process is being monitored, we’re working with the data, seeing how most of Ukrainian banks withdrew their records and refused to cooperate with the Deposit Insurance Agency. We’re trying to fix this manually, but no one has to make any transactions yet”, -Aksyonov added.

According to the Crimean Prime Minister, no additional fines or collections will be imposed on citizens that took loans from Ukrainian banks before the referendum took place.

Aksyonov added that the money that the Crimeans will eventually repay could be used to reinforce the compensations for lost deposits in Ukrainian banks.