SIMFEROPOL (Sputnik) – Crimea seceded from Ukraine to rejoin Russia in March 2014, following a referendum in which over 96 percent of the voters supported the move. After the secession, Ukrainian banks refused to allocate funds to Crimea residents.
The Depositor Protection Fund first agreed to compensate the losses of Crimeans who had no more than 700,000 rubles (about $9,540 at the current exchange rate) on their Ukrainian bank accounts. Later, the fund expressed readiness to compensate those with deposits of over 700,000 rubles.
"On March 3, 2016, the Depositor Protection Fund, an autonomous non-profit organization, starts additional compensation to depositors of Ukrainian credit institutions for claims in excess of 700,000 rubles," the fund informed in a Wednesday statement.
The total number of Crimea depositors eligible for the compensatory payments is 9,340. Each of the depositors will receive almost 23 percent of the total deposit sum, according to the fund’s statement.
