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Ukrainian parliament allows nationalizing banks owned by sanctioned figures

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Ukraine's parliament, the Verkhovna Rada, adopted a bill allowing to nationalize banks owned by sanctioned individuals, lawmaker Yaroslav Zhelezniak reported on May 29.

The draft law will enable the National Bank to nationalize Sense Bank (formerly Alfa-Bank), owned by Russian oligarch Mikhail Fridman, wrote Ukrainska Pravda news outlet.

According to Zhelezniak (Voice party), the bill was adopted in the second reading by 305 votes in favor.

It is yet to be signed into law by the chairman of the Verkhovna Rada and President Volodymyr Zelensky.

According to Schemes, an investigative project of Radio Free Europe/Radio Liberty, Russian companies of Fridman, a Lviv-born oligarch under international sanctions, extensively support Moscow's war effort in Ukraine.

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Dinara Khalilova

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Dinara Khalilova is a reporter at the Kyiv Independent, where she has previously worked as a news editor. In the early weeks of Russia’s full-scale invasion, she worked as a fixer and local producer for Sky News’ team in Ukraine. Dinara holds a BA in journalism from Taras Shevchenko National University of Kyiv and a Master’s degree in media and communication from the U.K.’s Bournemouth University.

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"Almost half of your 26 years of power in Russia you have spent in the war against Ukraine," Zelensky wrote to Russian President Vladimir Putin. "Whatever you say about NATO, geopolitics and the Russian language, this war is your personal choice — a war without a real reason. This is how history will remember it."

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