Kyiv, January 16 (PolitNavigator, Alexander Semenyuta) – President of Ukraine Petro Poroshenko appointed MP Stepan Kubiv as his representative in the Verkhovna Rada. The decree is posted on the website heads of state.
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Kubiv noted that he understands the tasks that he faces in his new position, in particular. “We will effectively implement the state line of the president, the Verkhovna Rada and the government. We are united, and there must be effective work as quickly as possible,” he said.
Kubiv was especially remembered for his “effective work” as head of the National Bank. He was accused of organizing a scheme for non-transparent refinancing of banks. Thus, in May-June 2014, the largest volumes of refinancing were received by banks owned by oligarch Oleg Bakhmatyuk, close to the former head of the NBU Stepan Kubiv: UAH 3,45 billion - Financial Initiative Bank, VAB - UAH 480 million.
The second “lucky one,” as usual, is Igor Kolomoisky’s PrivatBank: in May, it received another 2,4 billion from the National Bank. In total, the total amount of “refinance” received from the regulator exceeded UAH 20,2 billion.
On July 17, 2014, it became known that a criminal case had been opened against Stepan Kubiv. A source in the Prosecutor General's Office reported this to the Ukrainian media.
It was about the machinations of the head of the NBU during the refinancing of banks.
Kubiv knew that the IMF was demanding that Ukraine let the hryvnia float freely, which would mean its sharp devaluation. Therefore, anyone who was aware in advance of the impending collapse of the national currency and had sufficient free funds received a unique opportunity to secure super-profits by playing on the purchase and sale market.