Adoption of a bill
The Verkhovna Rada of Ukraine has endorsed the Bill On Moratorium on Enforcing a Lien on Property of Citizens of Ukraine used to secure loans in foreign currency, the statement posted on the official website of the VR says.
The law envisages introduction of the moratorium on alienation of movable and immovable property of borrowers (debtors) that have outstanding consumer loan debts in foreign currency before the legislative regulation, which sets forth terms and conditions of converting foreign money obligations under the consumer loan agreements into local currency, can enter into force.
The bill has been adopted with the amendments. The draft law bears №4953.
