Russian state banks appeal shares arrest in Ukraine
Banks with Russian state capital filed cassation appeals against the decision of the Kyiv Court of Appeals to seize their shares. As FinClub news outlet writes, the corresponding appeals were received by the Supreme Court of Cassation on September 14.
Russian VTB Bank, Prominvestbank and Sberbank still operate in Ukraine. It was reported that the Ukrainian Court of Appeal decided to seize the shares of their subsidiaries under the dispute initiated by the Ukrainain banks. In response, Sberbank said that it had decided to appeal against the court's decision to seize the shares of its subsidiaries.
Ukrainian companies claimed that the Russians violated the Russian-Ukrainian agreement on the promotion and mutual protection of investments. This agreement is perhaps the only tool that allows them to defend their rights within international law.