EU foreign relations chief Federica Mogherini welcomed Ukraine’s decision to nationalise its largest lender, Privatbank, as a “bold and courageous move” at a press conference in Brussels on Monday. Ukrainian economy and trade minister Stepan Kubiv, also in Brussels, assured depositors that their money was safe. The bank, said to have a $5.6 billion hole in its finances, announced the rescue on Sunday. …read more
Source: EUobserver
