The European Bank for Reconstruction and Development (EBRD) expects actions, not just statements from the government of Ukraine regarding the situation with Privatbank, EBRD’s Vice President Alain Pilloux told Hromadske during the RE:THINK. Invest in Ukraine forum in Mariupol, east Ukraine.
The actions should be in two ways.
“First of all, the presidential administration has stated a few days ago during G7 ambassadors' meeting that, regardless of court decisions, Privatbank will not be returned to its former shareholders. We welcome that statement. We would like simply to understand better how this would be done in practice,” Pilloux said.
He added that the Privatbank’s management and the board have launched a number of lawsuits in various countries “in order to recover the assets that evaporated from the bank”.
“A very important decision was taken in London recently which confirms that the British judicial system can look at the case,” Pilloux commented concerning the decision of the Court of Appeal.
He said as well that EBRD expects the Ukrainian state institutions like the National Anti-Corruption Bureau of Ukraine (NABU) and Security Service of Ukraine (or SBU) who conduct some Privatbank cases “to do what has to be done to progress these cases in Ukraine”.