UARU
Ukrainian Parliament Passes "Anti-Kolomoisky" Bill
13 May, 2020
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Ukrainian oligarch and ex-owner of Privatbank Ihor Kolomoisky. Courtesy

The parliament of Ukraine has voted in favour of passing the bill that ensures Privatbank is not returned to its ex-owners – oligarchs Ihor Kolomoisky and Gennadiy Bogolyubov.

270 MPs voted for the bill. Passing the bill was required by the International Monetary Fund in order to continue providing financial support to Ukraine.

The law stipulates changes to the procedure, according to which banks are nationalized and liquidated. Among other things, it forbids cancelling National Bank's (NBU) decisions on banks' insolvency though court.

However, ex-owners whose banks had been nationalized, can still file for compensation in cases when NBU's decision is concluded as unlawful.

The May 13 vote was the second and final parliamentary vote on this bill. The first voting took place on March 30.

READ MORE: Ukrainian Parliament Approves “Anti-Kolomoisky” Bill on First Reading 

Between the two votes, however, there were attempts of filibustering, as lawmakers – most notably seven people – submitted over 16,000 amendments to the bill.

READ MORE: Most of the 16,335 Amendments to “Anti-Kolomoisky” Bill Filed by 7 MPs

However, a shorter, simplified procedure was approved by the parliament on April 30 that paved the way for a quicker bill consideration.