Poroshenko and Pompeo discussed the threats of renationalization PrivatBank

Poroshenko and Pompeo discussed the threats of renationalization PrivatBank

Petro Poroshenko and Mike Pompeo

Source: Administration Of The President

KIEV. April 19. UNN. The President of Ukraine Petro Poroshenko has held a phone conversation with U.S. Secretary of State Michael Pompeo. The two sides discussed the threat of re-nationalization of PrivatBank and the need to maintain macro-financial stability of Ukraine. It is reported by UNN citing the press-service of the President of Ukraine.

“The two sides discussed the threat of re-nationalization of PrivatBank and the need to maintain macro-financial stability of Ukraine,” the statement reads.

Earlier, the U.S. Embassy in Ukraine made a statement about PrivatBank.

The decision of the government and the National Bank of Ukraine to nationalize Privat secured the long-term viability of the Bank, defended the money of millions of Ukrainian citizens and strengthen the economic health of the country. This is stated in the statement of the U.S. Embassy in Ukraine on the decision of the district administrative court of Kyiv on the nationalization of PJSC “CB “PrivatBank”.

As you know, the international monetary Fund continues to support the efforts of the Ukrainian authorities to reform the financial sector and corporate governance in banks, and also calls on the authorities to continue efforts to compensate former owners and related entities of troubled banks. This is stated in the statement of the permanent representative of IMF Yosty of Longman by the court in respect of the nationalization of PrivatBank.

The European Union is following the situation around the PrivatBank and encourages the prosecution and litigation to fully benefit from the findings of the Kroll report of experts by request of the NBU.

Recall, the District administrative court of Kyiv on 18 April declared illegal decisions, the consequence of which was the nationalization of PJSC “CB “PrivatBank”, and invalidated from the moment of concluding the contract of purchase and sale of government stake in the Bank.