UAH 89 billion court: The Constitutional Court of Ukraine is considering the constitutionality of the creation of the Deposit Guarantee Fund

Activists of the "Democratic Axe" gathered on Wednesday, July 8, outside the walls of the Constitutional Court of Ukraine and staged a performance entitled "Court for 89 billions UAH" (5 channel).

Representatives of D7 recreated the court session chaired by Constitutional Court Judge Oleksandr Tupytsky. The CCU decides on the constitutionality of the law on the Deposit Guarantee Fund for individuals. The case was reopened after 4 years.

As reported by Espreso. Svitlana Rekrut, the head of the DGF, asked the President of Ukraine Volodymyr Zelensky to convene the National Security Council of Ukraine due to the threat of the state scale in the economic sphere due to the resumption of the case on the constitutionality of the establishment of the institution.

«Satisfaction of the Constitutional Court's constitutional submission in full will instantly take the entire institution of the deposit guarantee system, withdrawal of insolvent banks from the market and liquidation of banks outside the legal field,« the head of the Fund wrote in a letter to Zelensky.

One of the co-founders of the Democratic Axe, Anton Shvets, noted that the further functioning of the banks depends on the outcome of this court hearing, and this lawsuit may threaten the nationalization of PrivatBank.

«If, in the opinion of the Constitutional Court, the Foundation is not a state body, then its decision does not need to be implemented, and its leadership acts in excess of authority, because the CCU does not leave them any authority. This is the same legal chaos and paralysis. abolition of the Guarantee Fund, but in smoother terms, such as we did not abolish the Fund itself, we simply questioned its powers, but the state body that was deprived of the right to be a state body is, in fact, a private shop with zero rights. , because it is unclear what to do with the Fund in this case, «he said.

«The abolition of the Deposit Guarantee Fund will paralyze our banking and financial system, allow Kolomoisky (and not only him) to sue the state for 89 billion UAH and completely destroy the entire legal structure around Ukrainian banks. In addition, it will hang PrivatBank in the air and will allow Kolomoisky to start his «squeeze.« All this will ricochet off our economy, which is not in the best condition due to the global economic crisis and domestic barriers, «- said the politician (Espreso).

The meeting was held behind closed doors and was postponed to July 9.