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DPR will appropriate the property of Ukrainian banks – Rambler/news

The State Defense Committee (GKO) of the DPR issued Decree No. 59 dated May 14, 2022 “On the circulation of property of banks located in the liberated territories of the Donetsk People’s Republic into state ownership. This document was published on the official website of the head of the DPR .

“From the date of entry into force of this Decree, the ownership right of Ukrainian banks to property located in the liberated territories of the Donetsk People’s Republic <…> is terminated with the subsequent emergence of the ownership right of the Donetsk People’s Republic to the said property,” the document states.

The President of the Russian Federation announced the recognition of the independence of the Lugansk and Donetsk People’s Republics on February 21, after which the head of state signed agreements on friendship, cooperation and mutual assistance with their leaders. Later, on February 24, Russia began special operation in Ukraine. As the Russian head noted, it is designed to free the territories of the Donbass republics from pressure from Kyiv.

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