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The long-awaited law on the corporate governance of SOEs comes into effect. “This is a critical step to ensure that state-owned enterprises operate in line with OECD principles, reducing opportunities for corruption and ensuring accountability of CEOs by supervisory boards selected according to international standards,” G7 ambassadors responded. ....
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. ....
Dnipro, a hub for the displaced by the war and a key line of defense against Russian aggression, gears up for winter as the war rages on in three directions. Meanwhile, despite unity in the face of the invasion, relations with Kyiv are chilly. ....
US sanctions Ukrainian oligarch Ihor Kolomoisky atlanticcouncil.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from atlanticcouncil.org Daily Mail and Mail on Sunday newspapers.
The tycoon is rumored to have influence in the administration while activists say he controls at least 30 parliament deputies in the president s party. In his statement, Blinken accused Kolomoyskiy of being involved in corrupt acts that undermined rule of law and the Ukrainian public’s faith in their government’s democratic institutions and public processes while serving as governor. Kolomoyskiy used his political influence and official power for his personal benefit, Blinken’s statement said. Separately, the FBI is investigating Kolomoyskiy and business partner Hennadiy Boholyubov in connection with the $5.5 billion bailout of PrivatBank, once Ukraine s largest lender. The tycoons are accused of embezzling billions of dollars from the bank through fraudulent loans and using some of the proceeds to buy assets in the United States, including real estate and metals plants. ....