The Deposit Guarantee Fund has proven in the US Court of Appeals that Ukraine owns over 36.6 million euros and over $2 million frozen in Prominvestbank accounts. This was reported by the Fund's press service.
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It is noted that on March 5, 2025, the US Court of Appeals for the Second Circuit in New York City upheld the decision of the New York District Court of July 12, 2023 on the ownership of these funds by Ukraine.
The funds were discovered during the liquidation procedure of PJSC AKB Prominvestbank in its correspondent account at the Bank of New York Mellon. In 2022, these funds were blocked by the American side due to the introduction of US sanctions against the bank as a subsidiary of the Russian VEB.RF.
In November 2022, several American citizens began to lay claim to these funds as victims of the actions of the Taliban movement in Afghanistan in 2016. However, at the time of their appeal to the New York District Court, the bank already belonged to the state of Ukraine on the basis of the Law of Ukraine “On the Basic Principles of Compulsory Seizure in Ukraine of Property Rights of the Russian Federation and Its Residents.”
“The unblocking of over $2 million and almost 37 million euros of Prominvestbank is not just a legal success, but a contribution to the financial stability of the state. According to the decision of the National Security and Defense Council, these funds belong to the state of Ukraine, which the Fund successfully proved in court. Now the main obstacles have been removed, and we can expect the transfer of these funds. After that, they will be transferred to.”
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