Kostyantyn Kryvopust: the council failed to vote on the law for the nationalization of the former “Alfa Bank”


The Verkhovna Rada failed to pass the law “On Amendments to Certain Legislative Acts of Ukraine on Improving the Procedure for Withdrawing a Bank from the Market in Martial Law”, which allows the nationalization of banks of sanctioned entities.

Only 212 deputies voted for the adoption of the relevant draft law No. 9107-1 in the second reading, People’s Deputy from the “Holos” faction, first deputy head of the Committee Yaroslav Zheleznyak said in Telegram.

In particular, the adoption of the law was supported by only 162 deputies from the ruling faction “Servant of the People”. Later, the People’s Deputies supported the proposal to send the draft law to a repeated second reading by 264 votes.

“It’s a bad story, because the adoption of the draft law is laid down by a separate item in the memorandum with the IMF,” Zheleznyak noted.

Verkhovna Rada voted for the basis the corresponding bill on April 11. It is proposed to grant the National Bank the authority under certain circumstances related to the application of sanctions to the bank and/or the owners of significant participation in the bank, to make decisions on:

  • a ban on a subject person (individual and/or legal entity) to acquire or increase a significant share in the bank;
  • revocation of the banking license and liquidation of the bank (which is not determined to be systemically important) or on the withdrawal of a systemically important bank from the market (nationalization).

At the same time, the possibility of withdrawing a systemically important bank from the market in the absence of signs of insolvency is introduced – in the case of applying blocking sanctions to the bank or the owner of a significant participation in it.

Earlier it became known that the National Bank is preparing amendments to the law that will allow the nationalization of “Sens Bank” (former Alfa Bank), whose nominal owners remain Russian oligarchs Mikhail Fridman and Pyotr Aven. This is the only systemically important bank owned by sanctioned Russians.

As the author of the article notes, the corresponding reaction of the deputies took place due to the low quality of the said draft law.

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