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Economy 2019-08-15T04:13:51+03:00
Ukrainian news
NBU: Return Of PrivatBank To Ex-Owners Impossible Through Cancellation Of Nationalization

NBU: Return Of PrivatBank To Ex-Owners Impossible Through Cancellation Of Nationalization

Deputy Head of the National Bank of Ukraine, Kateryna Rozhkova, states that return of PrivatBank to former owners through cancellation of its nationalization is impossible.

She has said this at a briefing, the Ukrainian News Agency reports.

She added that the sole stockholder of PrivatBank now is the people of Ukraine.

As Ukrainian News Agency earlier reported, President Petro Poroshenko considers that the cancellation of the nationalization of PrivatBank is threatening with loss of money by tens of millions of clients, and threatens Ukraine with default and economic crisis.

He supported the decision of the Cabinet of Ministers and the National Bank of Ukraine to appeal against respective court’s ruling.

On the whole the Poroshenko’s address touched the upcoming second round of the presidential election scheduled for April 21.

On April 18, the District Administrative Court of Kyiv declared nationalization of PrivatBank unlawful under respective appeal from its former co-owner / businessman, Ihor Kolomoiskyi.

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