Russian President Vladimir Putin signed a law on the rules for paying off the debt of borrowers from the occupied Crimea and Sevastopol to Ukrainian banks, the Russian news agency RIA Novosti informed.
Reportedly, the law gives a borrower the right to apply to the Russian Deposit Protection Fund, which is obliged to inform the collector about the existence of such an appeal, after which the collector should interact with the borrower through the fund only. The borrower also has the right to apply to the fund for a debt restructuring, and the fund can take a decision until the debt is cancelled, if there are grounds for doing so.
To implement the activities of the fund, 1.5 billion rubles will be transferred to its account from the budget of the aggressor country. "Head" of Crimea Sergey Aksyonov previously stated that the law would allow zeroing out loans for up to 5 million rubles, taken in Ukrainian banks by legal entities and individuals.
Earlier, QHA reported that on July 19, the State Duma of the Russian Federation adopted the bill in the third reading clarifying the rules for repaying debts to Ukrainian banks by borrowers who reside on the territory of the annexed Crimea.