On February 5, 2019, pursuant to the decision of the investigating judge of the Pechersk District Court of Kyiv, cash funds in the amount of 110,700.00 Euros and 9,300.00 USD were transferred into management of the Asset Recovery and Management Agency (ARMA).

To comply with the court order, funds were placed on deposit accounts of ARMA in JSC "Oschadbank".

Let us remind that the Special Law stipulates that the management of funds in cash and cashless forms in any currency, as well as bank metals seized in a criminal proceeding, be carried out by ARMA through placing them on the Agency's deposit accounts with state-owned banks.

Cash management is stopped if its seizure is terminated by court. In this case, ARMA shall transfer the corresponding funds and interest accrued thereon to their legal owner's account, namely: either the state (in the event that as the result of the criminal proceeding confiscation or special confiscation has been applied to the funds indicated) or their owner (in other cases of seizure cancellation except in connection with confiscation or special confiscation of the object of seizure).

Reference:

At present, ARMA's deposit portfolio is more than 185.6 million UAH (in the equivalent) and is composed of 138 854 002.95 UAH, 218 122.49. USD and 1,278,270.70 Euros.