From London, Timothy Ash writes: “

From London, Timothy Ash writes: “The IMF et al will simply not tolerate any scenario where PrivatBank ends up back in the hands of former owners unless they stump up the $5bn+ which the state used to recapitalize the bank. I cannot see any future IMF lending to Ukraine if the court does eventually rule for the bank to be handed back to former owners… I cannot see Privatbank returned to former owners – the IMF programme/anchor is just too important still for the macroeconomy, and it’s hard to see Privatbank being sustainable without state support.”