You're reading: Bailiffs freeze 660 million rubles in PrivatBank’s assets in Crimea

MOSCOW - The Russian Federal Service of Bailiffs has imposed a freeze order on over 660 million rubles at the Crimean branch of PrivatBank owned by the Ukrainian oligarch Ihor Kolomoisky, the agency's spokesperson said.

“As part of the enforcement proceedings from Nov. 24 to Dec. 5, the bailiffs found Hr 191.8 million in cash owned by PrivatBank, which corresponds to 665.68 million Russian rubles at the foreign-currency exchange rate of the Russian Central Bank. All monetary assets have been arrested,” the agency said in a press release obtained by Interfax on Dec. 26.