Resolution of the NBU Defines the Procedure for Debiting Funds from Accounts of Sanctioned Persons Based on a Court Decision. The document regulates the mechanism of interaction between the State Property Fund of Ukraine and payment service providers when executing such court decisions. The provisions consist of 12 points that detail the procedure for debiting funds. The main focus is on the requirements for the payment instruction from the State Property Fund, the procedure for its submission and execution by the payment service provider. The document is new and will be in effect during martial law and after its termination.
Key provisions:
– Funds debiting is carried out exclusively based on the payment instruction of the State Property Fund
– The payment instruction is submitted in paper form and must contain 11 mandatory details
– The payment service provider is obliged to execute the instruction during the next operational day
– Arrest of funds, moratorium, or other encumbrances are not grounds for refusing to execute the payment instruction
– In case of insufficient funds in the account, debiting is carried out within the available balance
