This is stated in a reply to a proposal made by Oleg Bakhmatyuk. The proposal offers to settle the debt that was created during the 2014-2015 banking crisis, which brought about the demise of over half of all Ukrainian banks. Oleg Bakhmatyuk offers to repay UAH 8 billion over 5 years. The DGF considers this proposal to be optimal and consistent with international best practices. Such an amicable settlement makes more sense for the State than resolution through litigation, which could consume up to 25% of potential damages in litigation costs, with the litigation itself potentially dragging on for years.
FYI: On 15 April, the owner of the Ukrlandfarming and Avangard group, Oleg Bakhmatyuk, proposed to the Cabinet of Ministers of Ukraine, the State Guarantee Fund of Ukraine, the National Bank of Ukraine and the Office of the Prosecutor General of Ukraine a UAH 8 billion debt restructuring deal for VAB Bank and Financial Initiative Bank, which were removed from the market during 2014-2015, following international best practices supported by international financial institutions, e.g. the IMF and the World Bank.