Business news from Ukraine

ADVISER TO HEAD OF PRESIDENT’S OFFICE PROPOSES TO WRITE OFF PART OF MORTGAGE LOANS

7 April , 2022  

Adviser to the Head of the Office of the President Viktoria Strakhova has proposed that at the legislative level a possibility of writing off or restructuring part of mortgage loans is prescribed and a possibility of including such losses in claims for banks against Russia is considered.
“As a banker, it is difficult to initiate and offer this, but as a person it is necessary. We should resolve the issue of writing off or restructuring part of mortgage loans through a legislative decision. Additionally, we should consider the possibility of including such losses (for banks, along with other loans) in the requirements for reparations to the Russian Federation/damages,” she wrote on Facebook on Thursday.
According to her, 30% of the available mortgages were issued for buildings in Hostomel, Irpen, Bucha, which were most affected by Russia’s actions.
Strakhova said that it is necessary to develop a standardized system to solve this problem.
She was supported by MP from the Holos parliamentary faction Yaroslav Zhelezniak, according to whom there is no other option for mortgages now.

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