Business news from Ukraine

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

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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