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Ukraine to nationalise Sense Bank from its Russian owners
  + stars: | 2023-07-20 | by ( ) www.reuters.com   time to read: +1 min
KYIV, July 20 (Reuters) - Ukraine's central bank said it will nationalise Russian-owned Sense Bank, one of the country's top commercial banks, and put it under temporary administration on Friday. The National Bank of Ukraine (NBU) said in a statement on Thursday it decided to "withdraw from the market the systemically important" bank and submitted a proposal to the government on the state's participation in the process. Sense Bank, with 3 million depositors, posted losses of 7 billion hryvnias ($189.75 million) in 2022, central bank said. Mikhail Fridman has a 32.86% stake in ABH Holdings S.A., the majority owner of Sense Bank, while Petr Aven holds 12.4%, the bank said on its website. ($1 = 36.8910 hryvnias)Reporting by Olena Harmash, Writing by Anna Pruchnicka, Editing by Timothy Heritage and Richard ChangOur Standards: The Thomson Reuters Trust Principles.
Persons: Andriy Pyshnyi, Mikhail Fridman, Petr Aven, Olena Harmash, Anna Pruchnicka, Timothy Heritage, Richard Chang Organizations: Bank, National Bank of Ukraine, Sense, ABH Holdings S.A, Sense Bank, Thomson Locations: Ukraine
[1/3] Ukrainian servicemen stand next to a destroyed building near the frontline town of Kreminna, amid Russia's attack on Ukraine, in Luhansk region, Ukraine March 24, 2023. Erdogan thanked Putin for his "positive attitude" in extending the Black Sea grain deal, the Kremlin said in a statement. * U.N. nuclear watchdog chief Rafael Grossi said on Saturday he will visit the Russian-held Zaporizhzhia nuclear power plant in Ukraine next week to assess the serious situation there. Erdogan thanked Putin for his "positive attitude" in extending the Black Sea grain deal, the Kremlin said in a statement. * SPECIAL REPORT-Wagner’s convicts tell of horrors of Ukraine war and loyalty to their leaderCompiled by Reuters editorsOur Standards: The Thomson Reuters Trust Principles.
[1/6] Banknotes dedicated to the first anniversary of Russia's invasion on Ukraine are seen during a presentation at the Ukrainian National Bank in Kyiv, Ukraine February 23, 2023. REUTERS/Valentyn OgirenkoKYIV, Feb 23 (Reuters) - Ukraine's central bank unveiled a commemorative banknote on Thursday to mark the first anniversary of Russia's invasion, with one side depicting three soldiers raising the national flag. The other side of the 20-hryvnia ($0.54) note features an image of two hands tied with tape, an apparent allusion to alleged war crimes Kyiv has accused Russian forces of committing in Ukraine. The central bank has worked hard since the full-scale invasion on Feb. 24 last year to keep the economy afloat and maintain stability. Ukraine has also imposed sanctions on Russian financial institutions.
The activity reflects a parallel war Kyiv is waging against high-level graft, according to Reuters interviews with half a dozen Ukrainian anti-corruption monitors and officials. It had been repeatedly opened and closed for two years due to procedural errors and shortcomings, SAPO prosecutors said at the time of the hold-ups. New anti-corruption cases include a probe launched in October into a former tax chief suspected of taking more than $20 million in kickbacks. SAPO prosecutors, for instance, earn at least $2,500 per month, or six times more than the Ukrainian monthly average. Kateryna Butko, a civic activist serving on the SAPO selection committee, acknowledged that Ukraine's fight against graft is often plodding.
KYIV, Nov 7 (Reuters) - Ukraine is set to finalise new agreements with the International Monetary Fund after a new IMF mission from Nov. 11-17, Ukrainian central bank governor Andriy Pyshnyi said on Monday. The governor told a briefing Ukraine had already held substantive and constructive talks with the IMF in Vienna on a whole range of issues. Reporting by Pavel Polityuk; writing by Tom Balmforth; editing by Timothy HeritageOur Standards: The Thomson Reuters Trust Principles.
WASHINGTON, Oct 21 (Reuters) - An International Monetary Fund team held productive discussions with Ukrainian authorities in Vienna this week and will continue work in coming weeks on Ukraine's request for enhanced program monitoring, IMF mission chief Gavin Gray said on Friday. Gray said IMF staff met with Ukrainian authorities, and discussed its findings with Finance Minister Serhiy Marchenko and Governor of the National Bank of Ukraine Andriy Pyshnyi. He said Russia's invasion had caused tremendous human suffering and had a severe economic impact, with the fiscal deficit rising to unprecedented levels. But IMF officials were encouraging Ukraine to refrain from measures that erode tax revenues. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.
Ukraine wants global financial crime watchdog to expel Russia
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +1 min
KYIV, Oct 14 (Reuters) - Ukraine's central bank chief said on Friday he plans to ask the global financial crime watchdog the Financial Action Task Force (FATF) to expel Russia over its invasion of Ukraine. Newly appointed central bank governor Andriy Pyshnyi said on Facebook that he would make the request on behalf of the bank in a letter to the FATF before the organisation's plenary session on Oct. 18-21. Pyshnyi accused Russia of "creating serious threats to the security and integrity of the world's financial system" and demanded that Moscow be made to "feel the price" for its invasion of Ukraine. Russia calls it actions in Ukraine a "special military operation" to demilitarise and "denazify" its neighbour. Register now for FREE unlimited access to Reuters.com RegisterReporting by Max Hunder, Editing by Timothy HeritageOur Standards: The Thomson Reuters Trust Principles.
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