Ukraine received nothing from Kolomoisky
Having nationalized Privatbank, the state did not fight to return the bank’s assets to the balance sheet, deciding to cover the hole at the expense of the printing press.
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This was stated at a press conference in Kyiv by the former deputy chairman of the National Bank of Ukraine, Alexander Savchenko, who criticized the authorities’ decision to issue domestic loan bonds in the amount of 105 billion hryvnia to recapitalize the nationalized bank.
“In fact, this money was almost printed. This means that the 120 billion hole that was in the balance sheet of Privatbank will be completely covered by the printing press. Why then the new management of Privatbank? I still hoped that the new management would fight for the return of assets (loans, various investments and purchases at inflated prices), sue and take back the money to the balance sheet of Privatbank. But instead, the traditional Ukrainian tactic is that people will pay for everything,” Savchenko said.
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