The Rivne City Court has ruled to seize the accounts of Sberbank of Russia for UAH 8.5 billion (appromately $330 million).  This decision was made on the 26th of January during the consideration of Evgeny Puhalskiy’s lawsuit. Puhalskiy requires the bank to return his funds amounting to EUR 325 million.  The 33-year-old entrepreneur has been in the process of suing Sberbank of Russia since September of 2015. 

Initially, the entrepreneur planned to donate the interest of EUR 24 million to the Ukrainian army.  He then decided to donate all of the funds in his account to charity.

In November, Puhalskiy agreed to transfer his funds to several charities, including Help for the Sake of the Future, Wings of Hope, and Treasury of Hope.

In the event of a successful outcome of this case, these charities will receive UAH 8.5 billion.  This legal suit was submitted to the Rivne City Court by the Kiev Pecherskiy District Court, and was subsequently accepted by the former.

In response to the questions about the origin of this large sum of money, Puhalskiy did not answer.  According to him, he took actions on behalf of an offshore company and states that he had all of the necessary documentation required for these actions.  He refused to reveal the name of this company.  

The plaintiff’s representative, Sergey Vasinyuk, stated that the seizure of the money is the first important victory in this case.  The case is ongoing and the next hearing is scheduled for the 4th of February.    

  Ukraine, lawsuit

Comments