The Rada is to consider on June 13 a draft law initiated by the Tax Policy Committee to write off loans for property destroyed as a result of hostilities.. We are talking primarily about loans for housing and cars and about borrowers who paid their debts in good faith until February 24. In a commentary to Forbes, the head of the committee, Daniil Getmantsev, detailed the situation somewhat..

The loan will be written off in full only if the lost housing or car was the only one of the borrower. The debt of citizens who have other property of the same kind is promised to be frozen until the end of the war..

In order to write off or “freeze” a loan, the above category of borrowers must have an appropriate package of documents, which records the damage caused. The client must prove the fact of destruction of property.

The amount of compensation may take into account the loss of the loan body due to inflation.

The Independent Association of Banks of Ukraine also reacted to the situation with the destruction of housing loans. They put forward a proposal to compensate for the cost of lost housing by 10% in cash, the rest with government bonds of various maturity, which can be used to repay loans.

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Although there are no final data yet and losses continue to grow, given the ongoing hostilities, but so far it is possible to name the total damage of $ 1.3 billion.. Approximately this is the potential write-off scale, given the amount of destruction as of the beginning of summer.

As we wrote earlier, with the aforementioned initiative, Getmantsev is probably going to " Ukrainian business over the past month has repeatedly demanded that he be fired. Entrepreneurs and business called the politician the personification of socialism and the enemy of economic freedom.

The author of ZN figured out what risks the bills that should help borrowers carry.. UA Julia Samaeva in the article No home, the car burned down. What will happen to loans for them?