Appeals Court Justice Fancourt also reinstated a worldwide freeze on $2.6 billion in the pair’s assets.

Wednesday, October 16, 2019
Appeals Court Justice Fancourt also reinstated a worldwide freeze on $2.6 billion in the pair’s assets.

Appeals Court Justice Fancourt also reinstated a worldwide freeze on $2.6 billion in the pair’s assets. PrivatBank, under government control since Dec. 2016, charges that the tycoons misappropriated funds by funneling loans through firms they controlled including three companies in the U.K.

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Opening the way for multi-billion dollar privatization, an appeals court has unblocked the auction of Centrenergo, electricity supplier to Kharkiv, Kyiv and Donetsk regions.

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