More than two billion hryvnias of sub-sanctioned Royal Pay Europe are blocked by the State Financial Monitoring Service
On the eve of the company were imposed sanctions by the National Security and Defense Council.
More than two billion hryvnias of sub-sanctioned Royal Pay Europe are blocked by the State Financial Monitoring Service
The State Financial Monitoring Service of Ukraine blocked over UAH 2 billion on accounts associated with Royal Pay Europe, to which the day before decisions of the National Security and Defense Council were imposed sanctions.
According to ZN.UA sources, before the company was included in the sanctions list, there were more than UAH 2 billion on the accounts associated with it. All these funds were blocked as part of the relevant financial investigations and are in bank accounts at the time the sanctions are put into effect. This means that they are kept for further confiscation within the framework of the current legislation and the restoration of Ukraine.
Registered in Riga, Royal Pay Europe is associated with the Russian bookmaker 1xBet and can transfer payments to offshore bookmakers and online casinos.
The sanctions imposed on it include:
- Asset blocking;
- Prohibition on the withdrawal of capital from Ukraine;
- Stopping the fulfillment of financial and economic obligations;
- Prohibition on participation in privatization and lease of state property;
- Restriction of the rights to dispose of securities.
According to media reports, Royal Pay Europe is owned by a Russian citizen with a Cypriot passport, Sergei Kondratenko, and was founded in 2016.
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