Oschadbank’s plan to disburse UAH 2.776bn has been approved by the Cabinet of Ministers

. UAH 832.897 million (30%) will be allocated to the state Budget for the payment of dividends, UAH 1.8 billion (65%) to cover the accumulated losses of previous years, and UAH 138.8 million (5 %) will go to the state’s Reserve Fund.

Oschadbank, Ukraine’s second largest bank, plans to appeal Tuesday’s decision by the Paris Court of Appeal

 that it lacks jurisdiction to arbitrate the 2014 seizure by Russia’s Sberbank of Oschadbank’s assets in Crimea. State-owned Oschadbank seeks $1.3 billion in compensation.