Kernel sues Sense Bank for $39 million over REPO agreement
Ukrainian agroholding Kernel has initiated legal proceedings against state-owned Sense Bank, seeking the return of $39 million provided under a 2021 REPO agreement. The dispute predates the bank's nationalization.
Ukrainian agricultural holding Kernel has filed a lawsuit against state-owned Sense Bank in the Commercial Court of Kyiv, demanding the repayment of $39 million. The dispute stems from a REPO agreement established in 2021, under which Kernel provided the funds to the bank. Kernel states that the obligations related to this financial arrangement originated prior to Sense Bank's nationalization. The agroholding is seeking a court order to compel Sense Bank to return the principal amount, asserting its right to the funds based on the original agreement. This legal action highlights a pre-existing financial commitment now being pursued through the courts. Sources: Forbes Ukraine