In the latest move against Russian banks in Ukraine, the National Bank of Ukraine declared Ukraine subsidiary of Russian state bank VTB insolvent
Wednesday, November 28, 2018

In the latest move against Russian banks in Ukraine, the National Bank of Ukraine declared Ukraine subsidiary of Russian state bank VTB insolvent

In the latest move against Russian banks in Ukraine, the National Bank of Ukraine declared Ukraine subsidiary of Russian state bank VTB insolvent on Tuesday, citing its declining liquidity and worsening financial position. Earlier this month, the central bank revoked the banking licenses of BM Bank, another VTB subsidiary. Last year, the Kyiv government imposed sanctions on Russian banks operating in Ukraine. Since then, the central bank has failed to approve sales of the banks. VTB’s work here was paralyzed this fall after a Kyiv court ordered the freeze of its assets to implement a September ruling against Russia at an international arbitration court in The Hague.

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I have some highlights from the newsletter I received from your publication. To give an example: one of Ukraine's largest food processors has built a production line in the Lviv region, two large potato producers plan to build factories to produce french fries, 13 new gas wells will open this year in Lviv, by 2020 Ryanair expect to carry more than four million passengers to Ukrainian airports, almost 11 thousand indians study at Ukrainian universities and a nationwide poll of Ukraine's economic views by the International Republic indicates a gradual increase in economic optimism. There is a lot of this kind of business news, which are sometimes not in the headlines of big publications, yet, of course, there are difficulties. As a journalist focussing on the economy of this country, what is your diagnosis? How would you assess it? What does the international public generally need to understand?

I have some highlights from the newsletter I received from your publication. To give an example: one of Ukraine's largest food processors has built a production line in the Lviv region, two large potato producers plan to build factories to produce french fries, 13 new gas wells will open this year in Lviv, by 2020 Ryanair expect to carry more than four million passengers to Ukrainian airports, almost 11 thousand indians study at Ukrainian universities and a nationwide poll of Ukraine's economic views by the International Republic indicates a gradual increase in economic optimism. There is a lot of this kind of business news, which are sometimes not in the headlines of big publications, yet, of course, there are difficulties. As a journalist focussing on the economy of this country, what is your diagnosis? How would you assess it? What does the international public generally need to understand?

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