JRL NEWSWATCH: “U.S. Bars Ukrainian Banking Tycoon Over Corruption Allegations” – Wall Street Journal/ Ian Talley, Alan Cullison, Georgi Kantchev

Map of Ukraine, Including Crimea, and Neighbors, Including Russia

“The action prevents Ihor Kolomoisky and family from entering the U.S. but is also likely to complicate his financial and business dealings” “… [U.S.] sanctions on a Ukrainian banking tycoon and former public official … for alleged corruption[] mark[] a renewed effort … to help Kyiv address a problem that finance officials say is at the heart of the country’s […]

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Ukraine’s largest lender PrivatBank investigated for diverting $1.8bn of IMF funds

International Monetary Fund Logo Over Ukraine Flag

(Business New Europe – bne.eu – Graham Stack in Kyiv – August 24, 2015) PrivatBank, Ukraine’s largest lender partly owned by controversial oligarch Ihor Kolomoisky, is under criminal investigation by the authorities for fraudulently diverting around what was then about $1.8bn, the bank has confirmed. “We are aware of the existence of criminal proceedings. PrivatBank fully cooperates with the investigators […]

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Fight between Ukraine’s government and oligarchs embroils largest lender Privatbank

Maidan Square in Kiev, Ukraine

(Business New Europe – bne.eu – Graham Stack in Kyiv – April 1, 2015) The war between Ukraine’s government and the oligarchs has reached into the fragile banking system, as the central bank felt moved to reassure depositors in Privatbank, the country’s largest, after allies of President Petro Poroshenko made murder allegations regarding its owner, Ihor Kolomoisky. The National Bank […]

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