Member of the financial market committee of the Russian Duma Boris Kashin and Marina Mukabenova have submitted a bill to the Lower House of the parliament that restricts shares of payment of debts of Crimea and Sevastopol residents that will be sent to the holders of liabilities. According to the document, the rest of the debt could be sent to the federal budget of the Russian Federation.
It is proposed that amendments are made to the law on the special procedure for paying debts of Crimea and Sevastopol residents to Ukrainian credit organizations that terminated their operations on the territory of Crimea passed in late December 2015. The law establishes that borrowers pay their debts to persons who have the right to demand payment of the debt.
The parliamentarians proposed that the additional condition is set for companies that have the right to demand payment of debts. These entities are not only to present the proofs of acquiring claims, but also to confirm the value of these claims.
According to the law, funds paid by citizens to settle their debts are sent to a special bank account opened by the Depositor Protection Fund.
The bill sets the exhaustive list of purposes of writing the funds from the account. Amendments would allow sending the funds to the holders of claims in the sum that does not exceed the value of claims increased by 25%. The rest of the funds could be sent to the federal budget.
