Ukraine’s Supreme Court has frozen a lower court decision that would have forced state-owned PrivatBank to pay $350 million to Ihor and Hryhoriy Surkis

Ukraine’s Supreme Court has frozen a lower court decision that would have forced state-owned PrivatBank to pay $350 million to Ihor and Hryhoriy Surkis, two brothers seen as ‘related parties’ to the owners who looted the bank until its nationalization in 2016. Last week, a lower court ruled the brothers’ six British companies can start withdrawing the first portion of the $350 million. That ruling drew widespread condemnation and seemed to raise a red flag to continued cooperation with the IMF. At the same time, the Rada registered a bill that would prohibit payments on court cases that have not been considered on their merits. The bill is already called the “anti-Surkis law.”