Our Association paid great attention to the Russian invaders’ criminal attempts to build a “banking system” in the occupied territories in Kherson and Zaporozhzhya regions.

In May 2022, the occupiers decided to use for this the fake “International Settlement Bank”, “registered” in the Russian-occupied territory of Georgia in the city of Tskhinvali.

It is noteworthy that the evasion of the Georgian authorities from responding to the activities of this “bank”, in measuring the commission of war crimes and massive violations of human rights, makes this state also partially responsible for the criminal “work of a financial institution” in Kherson and Melitopol, about which our Association informed the Georgian authorities and authorized international structures.

It is noteworthy that after that the aggressor “corrected” the vector of financial occupation of mainland Ukraine and announced the criminal “opening” of a “branch” of the Russian “Promsvyazbank” in Melitopol.

Earlier, on June 5 and, respectively, on June 10, Russian invaders committed similar criminal acts to “open branches” of “Promsvyazbank” in the Russia-occupied Crimea, Sevastopol, Donetsk and Lugansk.

It is worth adding that the beneficiary of “Promsvyazbank” is Pyotr Fradkov, the son of the former head of the Russian foreign intelligence service Mikhail Fradkov, and both the bank and Fradkov Jr. have been under sanctions from the civilized countries of the world since February 2022.

At the same time, since 2019, “Promsvyazbank” has acted as a “support bank” for the implementation of the “defense order” by the aggressor state, that is, it was the key financial instrument of Russian aggression, and in fact this became the basis for imposing sanctions.