: :inin Kyiv (EET)

Ukraine approves law on banks in a bid for IMF aid

KYIV, Ukraine (AP) — Ukraine has passed a law preventing former owners of nationalized or liquidated banks from regaining ownership or receiving state compensation, a move that allows the country to get $5.5 billion in loans from the International Monetary Fund.

The bill, which some lawmakers tried to sandbag with over 16,000 amendments, was approved on Wednesday by 270 votes out of 450.

Some said that the bill targets billionaire tycoon Ihor Kolomoisky, among others, whose Privatbank was nationalized in 2016 and who sought to get it back using his connections to President Volodymyr Zelenskiy.

In recent months, Zelenskiy has been trying …read more

Source:: KXAN



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