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  8.1.3 ​Banks specific issues
       Ukrainian President Volodymyr Zelenskiy signed a law introducing a moratorium on foreclosures on foreign currency mortgages​, the president's press service announced on October 6. The document extends a moratorium on the foreclosure of the property of Ukrainian citizens up till April 21, 2021 and prohibits the recovery of property (property rights) if it is used as a permanent residence of the borrower or is unfinished housing. The moratorium was extended due to the situation in which borrowers have found themselves due to the devaluation of the national currency since 2008, and, as a consequence, their inability to repay foreign currency mortgage loans at the current exchange rate. The law also prohibits the foreclosure of other property (property rights) under mortgage agreements from persons who have to make payments under foreign currency loans. According to Zelenskiy's press service, the law will help protect the property rights of citizens in view of the deterioration of their financial situation due to an outbreak of coronavirus (COVID-19) disease and will provide support to Ukrainian citizens who have outstanding obligations under loan agreements in foreign currency. Ukraine's parliament, the Verkhovna Rada, adopted the law on September 16.
 8.1.4 ​Bank news
   NBU council will support dismissal of two board members, councilman states​ ​There will be enough votes among the members of the National Bank (NBU) Council to approve the dismissal of Kateryna Rozhkova and Dmytro Sologub from their positions as deputy NBU governors, council member Vitaliy Shapran wrote in his blog on Oct. 12. He added he has no information whether and when the NBU governor may initiate the dismissal.​ ​Shapran also blamed “opposition media” in ​disclosing the fact of the reprimand​ of Rozhkova and Sologub by the council on Oct. 2, stating there was no consensus among the council’s members on whether or not to disclose the information about the
  48​ UKRAINE Country Report​ November 2020 ​ ​www.intellinews.com
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