Tempering his optimism, Ash cautions that Zelenskiy’s financial backer, Ihor Kolomoisky is “the biggest concern for investors and I think Western diplomats in regard to Zelenskiy.”

Tempering his optimism, Ash cautions that Zelenskiy’s financial backer, Ihor Kolomoisky is “the biggest concern for investors and I think Western diplomats in regard to Zelenskiy.” Ash, a senior sovereign analyst for Blue Bay Asset Management in London, writes: “It is difficult to imagine the current IMF standby agreement sustaining if a Zelenskiy administration backtracks on existing commitments to reform of the National Bank of Ukraine and the broader banking sector. This will be a deal breaker for the IMF et al, and I think for foreign private sector creditors.”