Money from hundreds of municipalities of the Czech Republic hung on accounts in the Czech Sberbank

The Municipal COURT of Prague opened a case on the insolvency of Sberbank CZ, among whose creditors were more than a hundred municipalities and cities of the Czech Republic,as well as the endowment fund of former President Vaclav KlausOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in PragueOne of Sberbank CZ ATMs in Prague

Among the creditors of the "daughter" of Sberbank in the Czech Republic - Sberbank CZ - were more than a hundred municipalities and cities of the Czech Republic, as well as the endowment fund of the former President of the Czech Republic Vaclav Klaus and his wife Livia Klaus, writes Czech Radio.

According to the publication, the Municipal Court of Prague is considering the insolvency case of Sberbank CZ. The court urged "the debtor's creditors wishing to file their claims in the framework of the insolvency proceedings to apply to the local court with a statement of their claim within the period before the court makes a decision on bankruptcy."

The court materials say that at the end of June the bank had tens of thousands of creditors, liabilities to them amounted to 61.762 billion kroons (about 150 billion rubles). One of the victims was the endowment fund of the former President of the Czech Republic Vaclav Klaus and his wife Livia, as well as the Olomouc Region of the Czech Republic, the municipalities of Senice na Gan, Jihlava and others.

“I didn’t expect it to be happy, but I didn’t expect it to be so sad,” the mayor of Senice na Hane told the publication, referring to the stuck money.

See also Sberbank stopped all currency transfers abroad 00:21

The most valuable asset of Sberbank CZ, according to the publication, is its loan portfolio. However, according to Lidovky.cz, applicants for the purchase of these assets have not yet provided a price offer. Among them were: investment group PPF, as well as banks Česká spořitelna and ČSOB.

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After the start of the Russian special operation in Ukraine, the European Union imposed seven packages of sanctions against Moscow, which also affected the Russian Sberbank. In early May, the Czech NATIONAL BANK withdrew the banking license from Sberbank CZ. Two weeks later, the "daughter" of Sberbank announced the beginning of the liquidation process.

The Russian authorities called Western sanctions illegitimate and pointed out that Europe would suffer much more from them. Russian President Vladimir Putin noted that the speed with which they were introduced and the number of restrictions that Russia faced did not know precedents. “The calculation was understandable - to crush the Russian economy with a swoop, with a swoop, by destroying business chains, forcing the withdrawal of Western companies from the Russian market, freezing domestic assets, hitting industry and finance <...>. Obviously, it didn’t work out,” the HEAD of state pointed out.