: :inin Kyiv (EET)

[Ticker] EU hails ‘courageous’ Ukraine bank rescue

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

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