Economy 2022-01-15T07:08:39+02:00
Ukrainian news
Court Rejects Oleksandr Yanukovych's Lawsuit Against NBU On Compensation Of UAH 1.6 Billion

Court Rejects Oleksandr Yanukovych's Lawsuit Against NBU On Compensation Of UAH 1.6 Billion

Viktor Yanukovych, National Bank of Ukraine, Lawsuit, Pecherskyi District Court, Oleksandr Yanukovych

The Pecherskyi District Court of Kyiv has decided not to satisfy the lawsuit of Oleksandr Yanukovych, the son of former president Viktor Yanukovych, against the National Bank of Ukraine on compensation of losses of UAH 1.6 billion.

The press service of the National Bank of Ukraine announced this in a statement, Ukrainian News Agency reports.

According to the court's documents, in August 2017, Oleksandr Yanukovych applied to the Pecherskyi District Court of Kyiv to demand that the National Bank of Ukraine compensate UAH 1.6 billion for damage because of removal of Ukrainian Bank of Development from the market.

Oleksandr Yanukovych owned 100% of shares of the Ukrainian Bank of Development.

The Pecherskyi District Court of Kyiv has found no reasons to satisfy his lawsuit against the National Bank of Ukraine.

As Ukrainian News Agency earlier reported, on January 20, 2016, the Higher Administrative Court upheld the resolutions of the National Bank of Ukraine regarding the Ukrainian Bank of Development.

As the European Union applied sanctions to the Ukrainian Bank of Development's sole shareholder, Oleksandr Yanukovych, the NBU in September 2014 decided to put the bank on the troubled category.

On November 27, 2014, the central bank declared the financial institution as insolvent.


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