KYIV, Sept 18 – The state-owned Oschadbank has received enforcement orders under a ruling of Kyiv's court of appeals issued on July 17, 2019, according to which the claim of the bank seeking to recognize the award of the International Court of Arbitration in Paris regarding compensation of losses of the financial institutions over the annexation of Crimea and obtain the permit to execute it, the bank has said in a press release.

"These enforcement orders are the ground for executing the award of the International Court of Arbitration in the territory of Ukraine and compensating the losses caused to Oschadbank in the amount of around $1.3 billion and interest accrued daily until the award is executed," the bank said.