In Switzerland arrested the financial guarantees of Ukraine’s Eurovision

In Switzerland arrested the financial guarantees of Ukraine’s Eurovision

For the preparation and conduct of the competition in Kiev was provided by the European broadcasting Union of 15 million euros.

KIEV, 22 Aug — RIA Novosti. In Switzerland initiated the arrest of 15 million euros of financial guarantees of Ukraine at the Eurovision song contest, according to the website of co-organizer of the contest, the Ukrainian TV channel “First national”.

This amount Kiev has provided the European broadcasting Union (EBU) to ensure the preparation and holding of the Eurovision-2017, which was held in may in the Ukrainian capital.

“The international song contest was successfully held in Ukraine, therefore, the amount of the guarantee must return”, — noted in the company. However, the EBU has informed the National public broadcasting company of Ukraine (NOTE) that the Geneva office of debt enforcement have begun the procedure of arrest of these assets.

NOTE already addressed to a law firm from Switzerland, to find out all the circumstances of the case and to determine the order of application of the procedure.

Ukraine won the right to host the Eurovision song contest in 2017 after winning singer Jamala with a song “1944” contest in Stockholm in 2016. According to the Executive producer of the competition Pavel Gritsak, the event was a cost of 20.4 million euros. The money to host Eurovision was allocated from the state budget, as well as the city Treasury of Kiev.