Asset Recovery and Management Agency (ARMA) has determined thewinner of the competitive selection of a bank to place seized funds. It is one of thelargest state-owned banks in Ukraine, Sens Bank, which offered the most beneficialconditions for a demand deposit.

Currently, the Agency is taking organizational measures to conclude therelevant agreement with the state-owned bank. The first stage is a plan to place overUAH 2 billion of seized funds, including funds in foreign currency.

We remind you that ARMA already keeps almost UAH 8 billion of seizedfunds in military bonds. These funds are transferred directly to the needs of theArmed Forces of Ukraine and other units of the Defense Forces of Ukraine.