Ukrainian tycoon Ihor Kolomoisky won a major victory on Thursday in his battle w...
KIEV - Ukrainian tycoon Ihor Kolomoisky won a major victory on Thursday in his battle with the government over the nationalization of the country’s largest bank as a court ruled the change of ownership was illegal.
Ukraine’s dollar-denominated Ukraine bonds fell more than 1 percent after the ruling by a Kiev court as President Petro Poroshenko said in a televised address that overturning nationalization threatened “default and a new economic crisis.” Kolomoisky denies any wrongdoing and says the bank was forcibly nationalized without proper justification.
“I don’t call it a nationalization, I call it an expropriation because people receive compensation after a nationalization. They don’t receive anything after an expropriation. And we didn’t receive anything. So I want a legal assessment,” he added.The authorities have spent nearly $6 billion since the nationalization to plug a hole in PrivatBank’s balance sheet, caused by what the government says were fraudulent lending practices and money laundering.
Lawsuits challenging the nationalization of PrivatBank “deal irreversible damage to Ukraine’s international image,” the central bank said in a separate written statement.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mutual friends and borrowed cars: how Ukraine's would-be leader is linked to tycoonVolodymyr Zelenskiy, front runner to be the next Ukrainian president, has connec...
Lire la suite »
Comedian Zelenskiy would win second round of Ukraine vote, poll showsThe presidential candidate and comic actor Volodymyr Zelenskiy is likely to win ...
Lire la suite »
U.S. wins WTO ruling against China grain import quotasThe United States won a World Trade Organization (WTO) ruling on Thursday agains...
Lire la suite »
US wins WTO ruling against China grain import quotasThe United States won a World Trade Organization (WTO) ruling on Thursday against China's use of tariff-rate quotas for rice, wheat and corn, which it successfully argued limited market access for U.S. grain exports.
Lire la suite »
A win for Trump in 2020 would be a win for stocks, says Nobel-winning economistFrom gilded penthouses and fancy cars to big yachts and oversized Brioni suits, Donald Trump’s penchant for spending is the stuff of legends. And it could...
Lire la suite »
French tycoons show competitive streak over Notre Dame aid'They're like competing boys, but the stakes run into the billions:' Two of France's richest men, long locked in a very public rivalry, are again pitted against each other, this time over donations to rebuild Notre Dame.
Lire la suite »
U.S. regulators propose rule to ease leverage rule for custody banksU.S. banking regulators on Thursday proposed a rule that would allow custody ban...
Lire la suite »
iPhone-Assembly Tycoon Launches Bid for Taiwan’s PresidencyTaiwanese billionaire Terry Gou, CEO of iPhone assembler Foxconn, declared his candidacy for president of Taiwan, in a marked shift for the island’s politics, his company and, potentially, relations with China.
Lire la suite »
Ukraine president holds 1-man 'debate' before runoff voteUkraine's president stood next to an empty lectern bearing his election rival's name and used a solo appearance at Ukraine's largest sports stadium to lash out at the race's inexperienced front-runner as a 'virtual candidate.'
Lire la suite »
A win for Tiger Woods at the 2019 Masters is a win for NikeThe value of Tiger Woods' Sunday victory at the 2019 Masters for Nike is roughly $22,540,000, according to Apex Marketing.
Lire la suite »