Washington and its partners are considering additional sanctions if the parties do not observe a ceasefire, with political and technical negotiations between Europe and the U.S. intensifying since last week, Reuters' source said.
The Kyiv Independent’s contributor Ignatius Ivlev-Yorke spent a day with a mobile team from the State Emergency Service in Nikopol in the south of Ukraine as they responded to relentless drone, artillery, and mortar strikes from Russian forces just across the Dnipro River. Nikopol is located across from the Russian-occupied Zaporizhzhia Nuclear Power Plant in the city of Enerhodar.
Peter Szijjarto's announcement came after Ukraine's Security Service (SBU) allegedly dismantled a Hungarian military intelligence network operating in Zakarpattia Oblast.
Moscow and Washington discuss the potential resumption of Russian gas supplies to Europe, among other issues related to the peaceful settlement of Russia's war in Ukraine, Russian presidential aide Yuri Ushakov confirmed to the Russian state-run Interfax news agency.
"This is a historic decision, as weapons for Ukraine will be purchased at the expense of the proceeds from frozen Russian assets through the European Peace Fund," Denys Shmyhal said.
The approval marks a key step in international efforts to hold Moscow accountable for what is considered the gravest violation of international law committed against Ukraine.
A woman passes by PrivatBank 's office in downtown Kyiv on Dec. 15, 2021. (Volodymyr Petrov)
Ukraine's Sixth Administrative Court of Appeal overturned the decision of lower courts, confirming the legality of PrivatBank's nationalization and ruling it cannot be regained by its former owners, the National Bank of Ukraine said on Nov. 15.
PrivatBank is Ukraine's largest bank in terms of assets.
"This is a victory for the state," said Oleh Lazovskyi, the head of PrivatBank's legal department. "We hope that today the victory of the state will end the seven-year court process with the ex-owner of PrivatBank."
The decision closed the case, which has dragged on since 2017. PrivatBank, which was formerly owned by oligarch Ihor Kolomoisky and Hennadii Boholiubov, was declared insolvent by Ukraine's National Bank due to its high capital losses and subsequently nationalized in 2016.
A Kyiv court ruled in April 2019 that the nationalization was illegal.
PrivatBank announced in June 2023 that an Israeli court ruled the bank has sufficient grounds for a fraud case against its former owners. The bank claims that the two businessmen misappropriated at least $600 million from its funds in the period from 2007 to 2011.
However, the court also ruled that Israel is not the proper jurisdiction for the case, adding it should be considered in Ukraine. Having been allegedly stripped of his Ukrainian citizenship, Kolomoisky is a citizen of Israel and Cyprus.
Kolomoisky, one of Ukraine's most well-known business tycoons and billionaires, was arrested on Sept. 2 for alleged fraud and money laundering related to his oil and gas holdings.
The National Anti-Corruption Bureau of Ukraine (NABU) handed Kolomoisky additional criminal charges on Sept. 7, accusing him of embezzling $250 million from PrivatBank in 2015.
Kolomoisky also faces various lawsuits and charges in the U.K., U.S., Israel, and Ukraine.
He is currently in pre-trial detention in Ukraine.
Nate Ostiller is a former News Editor at the Kyiv Independent. He works on special projects as a researcher and writer for The Red Line Podcast, covering Eastern Europe and Eurasia, and focused primarily on digital misinformation, memory politics, and ethnic conflict. Nate has a Master’s degree in Russian and Eurasian Studies from the University of Glasgow, and spent two years studying abroad at Kyiv-Mohyla Academy in Ukraine. Originally from the USA, he is currently based in Tbilisi, Georgia.
Igor Kossov
