UPDATE: Ukrainian court arrests shares of local units of Russian banks
(Adds details in last paragraph)
KIEV, Sep 12 (PRIME) -- The Court of Appeal of Kiev has arrested shares of local affiliates of RussiaТs Vnesheconombank (VEB), Sberbank and VTB Bank under several cases of companies owned by Igor Kolomoisky, according to documents seen by PRIME on Wednesday.
The decision was made in the framework of fulfillment of an earlier ruling by the arbitration court in The Hague to order Russia to compensate for losses arising from separation of Crimea from Ukraine.
A spokesperson for Sberbank said that the bank will contest the court decision. УThe arrest of shares does not influence the client services of the subsidiary bank. Its financial state remains stable.Ф