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Defense Ministry uses martial law to seize oligarchs' assets
The Ukrainian government's clampdown on strategic companies owned by oligarchs was swift and unexpected. Invoking special provisions under martial law, the Defense Ministry seized five companies associated with controversial businessmen Ihor Kolomoisky, Kostyantyn Zhevago, Konstantin Grigorishin, and Viacheslav Bohuslaiev. The companies seized include fossil fuel companies Ukrnafta and Ukrtatnafta, truck

Defense ministry, state banks suffer 'powerful' cyberattack
The websites of Ukraine’s defense ministry and armed forces witnessed a cyberattack on Feb. 15, which also hit Ukraine's two largest banks - PrivatBank and Oschadbank. Starting at 3 p.m. the affected websites could not be accessed and clients of the banks reported issues with their payments and

US prosecutors move to seize $6 million from Kolomoisky in Texas
The U.S. Department of Justice filed a civil forfeiture complaint on Jan. 20, with the intention of seizing $6 million from Ukrainian oligarch Ihor Kolomoisky's businesses, allegedly obtained with money stolen and laundered from PrivatBank. Federal prosecutors say Kolomoisky's businesses received the $6 million as proceeds from the sale

5 key events during PrivatBank’s 5 years in state hands
Five years ago, as Ukrainians prepared for Christmas celebrations, state officials were working late, trying to rescue the country’s financial system from collapse. The largest and most profitable commercial bank in Ukraine, PrivatBank, was about to go bankrupt. Auditors discovered that the oligarchs who owned the bank, Ihor Kolomoisky

Court of appeal overturns decision favoring Kolomoisky's company in PrivatBank case
The Sixth Court of Appeal in Kyiv refused to let oligarch Ihor Kolomoisky-linked companies off the hook in the PrivatBank case on Dec. 14. The decision is a blow to Triantal Investments, a Cyprus-based firm that's under Kolomoisky's control, according to the National Bank of Ukraine (NBU). The company used
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