Ukraine’s central bank welcomed a decision by the Bank of England on Friday

that it approved the “bail-in” of $595 million of loans that a British-based financial company made to PrivatBank before it was nationalized in 2016, Reuters reports. In a statement, the National Bank of Ukraine said the decision by Britain’s central bank bolstered Kyiv’s argument the nationalization had been carried out within the framework of a reliable legal procedure and complied with international standards.