Ukraine: return of PrivatBank to former owners impossible

The return of PrivatBank to its former owners due to the court ruling that declares nationalization of PrivatBank illegal is impossible, NBU First Deputy Governor Kateryna Rozhkova said at a press briefing regarding appeal against the court decision to nationalize PrivatBank, the NBU’s press service reported. “PrivatBank’s nationalization was an important step towards ensuring financial…

Ukraine: hryvnia to weaken by year-end

S&P Global Ratings predicts the hryvnia, Ukraine’s national currency, will have weakened against the U.S. dollar to UAH 28.6 by the end of 2019. The hryvnia is expected to drop to UAH 29.5 per dollar in 2020, to UAH 30 in 2021, and to UAH 30.5 in 2022, according to the agency’s press release. Ukraine’s…