Ukraine's Supreme Court on Nov. 26 upheld earlier rulings on nationalizing Ukraine's largest bank and dismissed an appeal of its former owner Ihor Kolomoisky, ending a years-long case.
Editor’s Note: This is issue 151 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 6-12, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrzaliznytsia’s CEO Yevhen Liashchenko filed a resignation letter, the company’s supervisory board said on Oct. 7. The board
Editor’s Note: This is issue 147 of Ukrainian State-Owned Enterprises Weekly, covering events from Sept. 8-14, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Former Ukrenergo’s CEO Kudrytskyi interviewed. Volodymyr Kudrytskyi, who was dismissed as Ukrenergo’s CEO on Sept. 2, was interviewed
The State Bureau of Investigation suspects Ukrainian billionaire Hennadii Boholiubov, who formerly owned Ukrainian bank PrivatBank alongside oligarch Ihor Kolomoisky, of illegally crossing the border and passport fraud, the bureau said on July 9.
Ukrainian billionaire Hennadii Boholiubov, who formerly owned Ukrainian bank PrivatBank alongside oligarch Ihor Kolomoisky, recently left Ukraine under forged documents, anonymous sources at the Prosecutor General's Office told the Ukrainska Pravda media outlet.
Editor’s Note: This is issue 138 of Ukrainian State-Owned Enterprises Weekly, covering events from June 24-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On June 28, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Editor’s Note: This is issue 132 of Ukrainian State-Owned Enterprises Weekly, covering events from May 11-18, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Parliament reverses SOE corporate governance law to have Ukrnafta pay dividends directly to the state budget, SOE Weekly’s team
Editor’s Note: This is issue 129 of Ukrainian State-Owned Enterprises Weekly, covering events from April 20-26, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Economy Ministry announces a competitive selection to find an independent member for Ukrenergo’s supervisory board. On April 23, the
Editor’s Note: This is issue 119 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 10-Feb. 16, 2024. The Kyiv Independent is reposting it with permission. Ukrainian SOE Weekly is an independent weekly digest based on a compilation of the most important news related to state-owned enterprises (SOEs) and
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
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
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
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
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
