{"id":1274142,"date":"2025-07-31T11:23:35","date_gmt":"2025-07-31T08:23:35","guid":{"rendered":"https:\/\/prm.ua\/the-privatbank-case-a-victory-for-both-justice-and-specific-people\/"},"modified":"2025-08-01T03:39:02","modified_gmt":"2025-08-01T00:39:02","slug":"the-privatbank-case-a-victory-for-both-justice-and-specific-people","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/the-privatbank-case-a-victory-for-both-justice-and-specific-people\/","title":{"rendered":"PrivatBank Case: Legal Triumph and Personal Vindication"},"content":{"rendered":"<p><em>Source: Author&#8217;s <a href=\"https:\/\/www.facebook.com\/sergey.fursa\/posts\/pfbid02KGiyWXsVRHCqVYg5L5GaGNY8k21H93AncMPf8C8GzmwHKbFED3qocqH5dTsWYpmJl\" target=\"_blank\" rel=\"noopener nofollow\">Facebook<\/a> page<\/em><br \/>\n<strong>Ukraine, through state-owned PrivatBank, has won a landmark victory in the London High Court against oligarchs Igor Kolomoisky and Gennadiy Bogolyubov \u2014 a case worth several billion dollars.<\/strong><\/p>\n<p data-start=\"85\" data-end=\"663\">But in reality, this victory means much more. It proves that the impossible is, in fact, possible. At a time when Kolomoisky and his associates acted like untouchable deities in Ukraine \u2014 when even whispers about the nationalization of PrivatBank were rare and risky, when those who initiated the case were under attack and threat \u2014 few believed that justice would prevail. Few believed that PrivatBank could become a profitable, state-owned bank. Or that it was possible to sue in London \u2014 and win. It was possible to freeze the assets traced to Kolomoisky and Boholiubov.<\/p>\n<p data-start=\"665\" data-end=\"739\">This is a victory not only for justice but also for specific individuals.<\/p>\n<p data-start=\"741\" data-end=\"1014\">For those who led the National Bank of Ukraine and bore the brunt of public anger \u2014 because, while society resents oligarchs, it often resents even more those whom the oligarchs&#8217; TV channels tell them to resent. Yes, I\u2019m speaking of Valeria Gontareva and Kateryna Rozhkova.<\/p>\n<p data-start=\"1016\" data-end=\"1453\">For those in the Ministry of Finance who dared to file a lawsuit in London, even without political backing. What they did had all the hallmarks of a covert operation. Yes, I\u2019m speaking of Oleksandr Danyliuk, Oksana Markarova, and Artem Shevalev \u2014 those who ensured the case did not stall. Who continued to speak out about the $5 billion in taxpayer money that had to be spent to save the bank after years of looting by its former owners.<\/p>\n<p data-start=\"1455\" data-end=\"1523\" data-is-last-node=\"\" data-is-only-node=\"\">And they weren\u2019t looting it alone. That, too, must not be forgotten.<\/p>\n\t\t<aside class=\"shortcode-also\" data-title=\"Read also\" >\n\t\t<a href=\"https:\/\/prm.ua\/en\/privatbank-won-the-court-case-against-kolomoisky-what-will-be-the-consequences-for-the-authorities\/\">PrivatBank won the court case against Kolomoisky: what will be the consequences for the authorities?<\/a>\n\t<\/aside>\n\n<p data-start=\"88\" data-end=\"339\">This is also a story about how state-owned banks in Ukraine can operate effectively \u2014 and profitably. About how independent supervisory boards function. And as a result, the mischievous hands of politicians can no longer reach into the public coffers.<\/p>\n<p data-start=\"341\" data-end=\"671\">Today, we see the results: a major legal victory in London, where PrivatBank has won a case worth several billion dollars. We see other state banks \u2014 Oschadbank and Ukreximbank \u2014 reclaiming the Gulliver shopping mall and recovering debts that date back to before 2014, when there was no proper oversight, no functioning regulator.<\/p>\n<p data-start=\"673\" data-end=\"1094\">But this is also a story about how many people wish to return to those days, when there was no so-called \u201cexternal management,\u201d when public money could be taken and spent as if it were their own. These people long for the past. They loudly insist that Ukraine should stop listening to the West. And thankfully, just last week, they encountered significant resistance from our Western partners and Ukrainian youth.<\/p>\n<p data-start=\"1096\" data-end=\"1297\">It is, above all, a story about memory. That memory must not be short. That reputation matters. Those connections matter. And that change has come rapidly, yet often quietly \u2014 over the past ten years.<\/p>\n<p data-start=\"1299\" data-end=\"1506\" data-is-last-node=\"\" data-is-only-node=\"\">It\u2019s easy to forget what Ukraine was like before the Revolution of Dignity. But we must not forget. Because if we do, we may start believing the voices that claim things were better before all these reforms.<\/p>\n\t\t<aside class=\"shortcode-also\" data-title=\"Read also\" data-right>\n\t\t<a href=\"https:\/\/prm.ua\/en\/poroshenko-on-the-verdict-in-the-privatbank-case-london-court-confirmed-our-rightness\/\">Poroshenko on the verdict in the Privatbank case: London court confirmed our rightness<\/a>\n\t<\/aside>\n\n<p data-start=\"86\" data-end=\"169\">Is this the end? Can we already spend those billions and celebrate a final victory?<\/p>\n<p data-start=\"171\" data-end=\"548\" data-is-last-node=\"\" data-is-only-node=\"\">Unfortunately, not yet. The oligarch in pre-trial detention and the one on the run will, of course, file an appeal. And they will lose that too. But they will do what they\u2019ve always done \u2014 stall, drag it out, play for time. Clinging to the hope that Ukraine might somehow slip back into the &#8220;good old days&#8221; \u2014 when anything was possible, and nothing ever came with consequences.<\/p>\n<p><em>We will remind that <a href=\"https:\/\/prm.ua\/pryvatbank-vyhrav-bahatomiliardnyy-sudovyy-protses-proty-kolomoyskoho-ta-boholiubova-v-londoni\/\">PrivatBank won in an English court against its former owners<\/a>, Igor Kolomoisky and Gennady Bogolyubov. The decision was confirmed by the bank&#8217;s press service.<\/em><\/p>\n<p><em>The hearings ended in November 2023. The bank demanded compensation for losses caused by the withdrawal of assets of more than $1.9 billion. Including interest, the final amount more than doubled.<\/em><\/p>\n<p><em>PrivatBank lawyers said Kolomoisky and Bogolyubov organized a \u201ccredit recycling\u201d scheme to withdraw funds. The money was routed through six offshore companies \u2014 three each in the UK and the British Virgin Islands, which are also defendants in the case.<\/em><\/p>\n<p>Also, follow <strong>\u201cPryamyi\u201d<\/strong> on <a href=\"https:\/\/www.facebook.com\/pryamiy\/\" target=\"_blank\" rel=\"noopener nofollow\">Facebook<\/a>, <a href=\"https:\/\/twitter.com\/prm_ua\" target=\"_blank\" rel=\"noopener nofollow\">Twitter<\/a>, <a href=\"https:\/\/t.me\/+rtV4dxYu2_cyNjVi\" target=\"_blank\" rel=\"noopener nofollow\">Telegram<\/a>, and <a href=\"https:\/\/www.instagram.com\/pryamiy\/\" target=\"_blank\" rel=\"noopener nofollow\">Instagram.<\/a><\/p>\n<p><span style=\"font-size: 10pt;\"><em>\u2022 Materials published in the \u201cOPINIONS\u201d section reflect the opinion of the author of the publication, who bears full responsibility for the accuracy of the information.<\/em><\/span><br \/>\n<span style=\"font-size: 10pt;\"><em>\u2022 The editorial staff of prm.ua may not share the opinions expressed in the author&#8217;s material.<\/em><\/span><br \/>\n<span style=\"font-size: 10pt;\"><em>\u2022 The owner of the webpage in the \u201cOPINIONS\u201d section is the author of the publication.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Author&#8217;s Facebook page Ukraine, through state-owned PrivatBank, has won a landmark victory in the London High Court against oligarchs Igor Kolomoisky and Gennadiy Bogolyubov \u2014 a case worth several billion dollars. But in reality, this victory means much more. It proves that the impossible is, in fact, possible. At a time when Kolomoisky and [&hellip;]<\/p>\n","protected":false},"author":57,"featured_media":1274135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76991,76871,76872,76893],"class_list":["post-1274142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinions","category-news-2","category-news-feed","category-thoughts"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1274142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1274142"}],"version-history":[{"count":2,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1274142\/revisions"}],"predecessor-version":[{"id":1274439,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1274142\/revisions\/1274439"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1274135"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1274142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1274142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}