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Zelenskiy promises not to return PrivatBank to its former owners

Friday, October 11, 2019
Zelenskiy promises not to return PrivatBank to its former owners

Zelenskiy promises not to return PrivatBank to its former owners. In a televised press marathon on Thursday, the president vowed to defend the nation’s interests. Oligarch Ihor Kolomoisky is trying to wrestle back control of PrivatBank through a lawsuit filed in the Kyiv Commercial Court. The bank was nationalized in Dec. 2016, after its ownership group, led by Kolomoisky, put the bank $5.5 billion in the red. PrivatBank, the country’s biggest bank,posted a record $1.1 billion profit in the first nine months of 2019.

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Cabinet of Ministers approves funding for 707 investment programs and regional development projects implemented through the State Regional Development Fund (ERDF),

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