President Zelenskiy signed yesterday evening the law banning the return of bankrupt banks to their owners.

President Zelenskiy signed yesterday evening the law banning the return of bankrupt banks to their owners. Designed to block Ihor Kolomoisky and his business partners from winning back PrivatBank, the bill had been a key demand of the IMF since September. “This is our final ‘goodbye’ to bankrupt zombie banks!” Zelenskiy said, alluding to the nearly 100 banks that failed in the 2014-2015 crisis. “The law prohibits the return of bankrupt banks to their owners. The court will not have the right to make such a decision.”