The relevant injunction was granted by the Dnipropetrovsk District Court, UBR reports.

PrivatBank has secured itself against seizures and mandatory debiting of funds. The Dnipropetrovsk Industrial District Court made the ruling on case №202/1828/16-ц, which prohibited the State Executive Service and associated structures to seize and compulsorily recover funds from Oshchadbank. In addition, it prohibited banks, where PrivatBank accounts are opened, to debit funds from them.

The most interesting thing is that these financial institutions include the National Bank of Ukraine, as well as Ukreximbank, Oshchadbank, Citibank, Ukrsotsbank, Pivdennyi Bank, Clearing House for Contracts Traded on Financial Markets and Accent-Bank.

“De facto this means that if PrivatBank does not return refinancing to the National Bank, then NBU will not be able to recover funds or seize accounts at law – just incredible opportunities and power over the regulator. It is hard to say without facts how politically motivated is Dnipropetrovsk Judge Moroz, who passed the extraordinary decision. It is strange that NBU did not inform about the presence of PrivatBank decision and that it did not inform about its plans to submit the appeal and challenge the decision. If the regulator does not do it, then this will be not just the shame for central bank, this will the evidence of corruption in the National Bank and the furtherance to PrivatBank in avoidance of enforcement of court judgments, coming into effect, as well as any other enforcement documents”, - Senior Partner at Kravets and Partners Law Company Rostislav Kravets commented on the situation to UBR.ua.