However, as he spoke, police in Dnipro were raiding the national headquarters of PrivatBank.
Thursday, September 12, 2019


However, as he spoke, police in Dnipro were raiding the national headquarters of PrivatBank. In Dec. 2015, the bank that was nationalized after it was bankrupted by its owners, led by Dnipro oligarch Ihor Kholomoisky. With IMF approval, PrivatBank, the nation’s largest bank, was refloated with an injection of $5 billion in public funds. On Wednesday, PrivatBank protested “the forced seizure of several documents involving an unjustified amount of police special forces and unknown persons as pressure and obstructing the normal operation of the office.” Tim Ash writes from London about the raid on PrivatBank: “Worrying….this could scupper any chance of a new agreement with the IMF.”