Pumps Duma adopted the law on settlement of debts of inhabitants of the Crimea to Ukrainian banks

Pumps Duma adopted the law on settlement of debts of inhabitants of the Crimea to Ukrainian banks

MOSCOW, December 23 the state Duma at plenary session on Wednesday approved the third reading of the bill on maturity and out-of-court settlement of debts of inhabitants of the Crimea and Sevastopol.

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The draft law on the specifics of repayment and extrajudicial settlement of debt of borrowers living in Crimea and Sevastopol before the Ukrainian banks, submitted to the Duma on December 16. The amount of debt determined as of March 18, 2014 and reduced by the amount paid by them after this date funds in repayment of the obligations under the respective loan agreements.

Payments will be made only in the currency of the Russian Federation. The draft determined the order of receipt by the borrower of documentary evidence of the removal of the encumbrance from the collateral, securing the performance of obligations under the loan agreement.

Mandatory pre-trial dispute settlement procedure between borrowers and lenders. The persons entitled to demand repayment of debt, must file a written statement of the dispute in the depositor protection Fund, established by the Association for Deposit insurance. To those include banks and non-credit organizations established in accordance with the legislation of the Russian Federation and have presented evidence of the acquisition of such rights.

In the second reading the bill was discussed Tuesday, December 22.

Amendments to the second reading

Earlier, the Chairman of the state Duma Committee on financial market Nikolay Gonchar has informed that the second reading of the bill was amended several times.

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In particular, in this edition of the draft law introduces a new article regulating the relationship between the borrower and depositor protection Fund in terms of creating a separate Bank account for depositing and withdrawal of funds to pay off the debt.

During the second reading of the bill the Deputy from the Communist party, Boris Kashin has proposed its amendments to the wording of the bill, concerning the disclosure of the real cost, which was purchased by the debt, and limitations of revenue collectors. However, these amendments were rejected.

The Chairman of the Committee on financial market, informed that this version of the bill did not cause differences in the leadership of the Crimea.


March 11, 2014 Supreme Council of Crimea and Sevastopol city Council adopted the Declaration on independence of the Autonomous Republic of Crimea and city of Sevastopol.

March 16, the Crimean referendum is 96,77% of citizens in Crimea and 95.6% of Sevastopol voted for reunification with Russia. The turnout in Crimea was USD 83.1%, in Sevastopol – 89.5% of voters.

On 17 March the Supreme Council of Crimea adopted a resolution in which the Crimea was declared an independent sovereign state. In the same document contained an appeal to Russia with the offer on acceptance of Crimea into the Russian Federation as a new entity with the status of the Republic. On the same day the President of Russia signed a decree recognising the Republic of Crimea as a sovereign and independent state.

March 21, Vladimir Putin signed Federal law on ratification of the Treaty and the Federal constitutional law on accepting the Republic of Crimea and Sevastopol to Russia as subjects of the Federation and also the decree about formation of the Crimean Federal district, which included the Republic of Crimea and the Federal city of Sevastopol.

On April 11 the Constitution was adopted Republic of Crimea, according to which the official languages are Russian, Ukrainian and Crimean Tatar.

The History Of Crimea. Dossier