President Zelenskiy’s office says there is no reason to hand PrivatBank to its former shareholders, no matter what the court decisions

Thursday, October 24, 2019
President Zelenskiy’s office says there is no reason to hand PrivatBank to its former shareholders, no matter what the court decisions

President Zelenskiy’s office says there is no reason to hand PrivatBank to its former shareholders, no matter what the court decisions. “Having made a decision on nationalization, the state invested UAH 155.3 billion [$6 billion] in PrivatBank, which allowed to save the funds of Ukrainians reads the statement on the president’s website. “We believe that regardless of the decisions of the courts, there is no reason to return the state-owned PrivatBank to its former shareholders.” With Zelenskiy on a four-day trip to Japan, ending today, his chief of staff Andriy Bohdan conveyed that message in a meeting Wednesday afternoon with the Group of Seven ambassadors in Kyiv.

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