10 Jan 2024 15:29

National Bank of Ukraine hopes mobilization goals could be attained without financial repressions

MOSCOW. Jan 10 (Interfax) - The use of databases possessed by the Ukrainian military command and the developed technology component would be more reasonable for attaining mobilization goals than financial repressions, National Bank of Ukraine (NBU) First Deputy Governor Yekaterina Rozhkova said.

"I'd like to believe this won't go as far as that," Ukrainian media quoted Rozhkova as saying during televised remarks.

"I don't think we should resort to such financial repressions. Some other mechanisms should be employed," she said.

As reported, the Ukrainian government on December 25 forwarded a package of bills to parliament to regulate mobilization, recruitment, and military service, which envision a number of restrictions and other sanctions on Ukrainian citizens eligible for military service who dodge mobilization.

The government proposed including dodgers in the Unified Register of Debtors, thereby restricting their right to use their own transport vehicles, receive a driving license, travel abroad, conduct transactions with movable and immovable property, receive loans, enjoy benefits, and other measures.

"Given the legislative framework existing now, frankly speaking, I can't see such an opportunity," Rozhkova said in commenting on the proposed restrictions.

Access to data of bank clients may be disclosed in certain situations, primarily in line with court judgments, Rozhkova said. "Law enforcement agencies have more resources, and yet they are not unlimited even for them," she said.

As reported, NBU Governor Andrei Pyshny said earlier that the NBU took notice of the government's mobilization bill and was prepared to discuss the application of financial restrictions to mobilization dodgers.

Some market experts have suggested such restrictions could affect individual bank deposits and demand for foreign currency cash.