The Long-Term Foreign-Currency Issuer Default Rating (LTFC IDR) and the Long-Term Local-Currency Issuer Default Rating (LTLC IDR) are the same across the four banks, at ‘CCC-’ and ‘CCC’, respectively. The Government Support Rating (GSR) is now also the same for all the four banks – ‘no support’ (ns) – with PrivatBank, Oschadbank, and Ukrgasbank’s GSRs downgraded from ‘ccc-’ and Ukreximbank’s GSR affirmed.
White House sanctions, an FBI investigation, and then finally Russian aggression all failed to convince Ihor Kolomoisky to embark on the path of voluntary “de-oligarchization.” He is losing business and power, but still remains in the game. How does he keep his assets?
The Verkhovna Rada prefers an alternative bill on corporate governance of GTSOU over the government’s bill. On June 10, the Verkhovna Rada rejected Draft Law No. 9311 that would establish a one-off procedure for the merger of the Gas Transmission System Operator of Ukraine (GTSOU) and the Main Pipelines of Ukraine (MGU). This bill, proposed by the Cabinet of Ministers on May 19, was criticized for not meeting Ukraine’s commitments to the IMF.
The Security Service of Ukraine exposed the sanctioned oligarch Pavlo Fuks on large-scale financial fraud with strategic enterprises of Ukraine and systematic tax evasion.
The State Bureau of Investigations (SBI), together with the Security Service of Ukraine (SBU), has uncovered the illegal activities of former high-ranking officials who received illegal super-profits from gas production from the state-owned subsoil.