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Ukraine has intensified its nationalization policy as assets of Russian oligarch Oleg Deripaska were recently seized. Deripaska's nationalized assets, valued over UAH 2 billion, have brought in UAH 32 million to the Ukrainian state budget. In another government action, Sense Bank's control has been claimed, ensuring stability for depositors. President Zelensky highlighted the transfer of five strategic enterprises to the Ministry of Defense as essential for national defense. Meanwhile, PrivatBank, Ukraine’s largest bank, saw disputes over its nationalization resolved. Legal battles linked to its previous ownership have stirred debates about fairness and future banking stability. Moody’s announcement indicates such interventions could negatively impact Ukraine’s credit profile. These actions collectively reinforce Ukraine's ongoing strategy to stabilize its economy and fortify its defense capacity during challenging times.

What assets did Ukraine nationalize from Oleg Deripaska?

Ukraine nationalized assets worth over UAH 2 billion from Russian oligarch Oleg Deripaska. The nationalization was based on materials from the Security Service of Ukraine and sanctioned by the High Anti-Corruption Court as part of wider sanctions against Russian interests in Ukraine.

How has the nationalization of Sense Bank affected its operations?

The nationalization of Sense Bank, previously owned by Russian oligarchs, has placed the bank under Ukrainian state control, ensuring that it operates stably and securely for its depositors. This move aims to maintain public confidence in the financial sector and safeguard depositors' interests.

What strategic enterprises were nationalized by Ukraine recently?

In a strategic move, Ukraine nationalized five enterprises: PJSC "Ukrnafta", PJSC "Ukrtatnafta", PJSC "Zaporizhtransformator", PJSC "AvtoKrAZ", and JSC "Motor Sich". This transfer to the Ministry of Defense aims to bolster Ukraine’s defense capabilities amidst ongoing conflicts.

What is the significance of the PrivatBank nationalization?

The nationalization of PrivatBank, Ukraine’s largest commercial bank, was a critical step to prevent financial system collapse. It involved the government becoming the sole shareholder, issuing government bonds worth 150 billion hryvnia to stabilize the bank, ensuring continued service to its clients.

How has Ukraine's nationalization policy impacted its economy?

Ukraine's policy of nationalizing key assets, especially those linked to Russian interests, has financial and defensive benefits. It injects revenue into the state budget, stabilizes strategic industries, and aligns with economic independence objectives, despite potential credit rating challenges from international observers.

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TOP news nationalization

Kolomoyskyi: Give me $2B capital back, I don Kolomoyskyi: Give me $2B capital back, I don't need PrivatBank Businessman Ihor Kolomoyskyi says he does not intend to regain the nationalized PrivatBank, but wants to return capital in the amount of $2 billion. 31 642 374 Previously in trend: Nationalization of Privatbank

Kolomoiskyi sees good window of opportunity for amicable agreement on PrivatBank Kolomoiskyi sees good window of opportunity for amicable agreement on PrivatBank Ihor Kolomoiskyi in dispute on the nationalization of PrivatBank, the owner of which he was earlier, is ready to make do with the satisfaction for accusations against him and an amicable agreement and sees a good window of opportunities for this. 7 674 104 Economics

Moody Moody's: PrivatBank case interference would hurt Ukraine's credit rating Ukraine’s credit profile would be badly damaged, Moody’s warned on Wednesday, if the country’s new president interfered in an acrimonious legal battle over the 2016 nationalization of the country’s biggest lender Privatbank. 4 051 92 Previously in trend: Nationalization of Privatbank

шмигаль All Russian assets on territory of Ukraine become property of state, - Shmygal At a meeting on May 10, the Cabinet of Ministers approved a document according to which Russian assets in Ukraine are transferred to the state. 9 769 60 War in Ukraine

Court resumes consideration of claim on return of PrivatBank shares to Kolomoisky Court resumes consideration of claim on return of PrivatBank shares to Kolomoisky The panel of judges of the Northern Economic Court of Appeal, consisting of Vitaliy Korsak, Olha Popikova and Oleksiy Yevsykov, overturned the decision of the judge of the Economic Court of the city of Kyiv Liudmyla Shkurdova to suspend the consideration of the claim of ex-owners of PrivatBank (Kyiv) Ihor Kolomoisky and Triantal Investments on the return of their shares. 7 364 47 Ukrainian Politics

Court award to collect $350 mln from PrivatBank in favor of Surkis Court award to collect $350 mln from PrivatBank in favor of Surkis' companies appealed Minister of Justice Denys Maliuska announced the filing of an appeal against the ruling of the Pechersky District Court of Kyiv issued on September 2 by Judge Serhiy Vovk to collect about $350 million from PrivatBank in favour of the Surkis brothers' companies as part of an interim measure pending the hearing of the dispute on the fairness of attributing these deposits to the bail-in procedure. 6 080 33 Ukrainian Politics

зеленський Transfer of assets of five strategic enterprises to Ministry of Defense took place in accordance with current laws and will help defense sector of Ukraine, - Zelensky For the period of wartime, the alienation of the shares of PJSC "Ukrnafta", PJSC "Ukrtatnafta", PJSC "Zaporizhtransformator", PJSC "AvtoKrAZ" and JSC "Motor Sich" into state property is carried out in accordance with the laws in force in the country. 3 276 29 Previously in trend: War

Kolomoiskyi trying to block lawsuit in Switzerland through Ukrainian courts - NBU Kolomoiskyi trying to block lawsuit in Switzerland through Ukrainian courts - NBU Former PrivatBank stockholder Ihor Kolomoiskyi is again trying to block through Ukrainian courts a lawsuit filed by the National Bank of Ukraine (NBU) in Switzerland. 2 918 27 Ukrainian Politics

дерипаска,олег State budget received UAH 32 million from nationalized enterprise of Russian oligarch Deripaska The state budget received the first 32 million hryvnias from the nationalized enterprise of the sanctioned Russian oligarch Oleg Deripaska. 1 707 21 Incidents

сенс It is controlled by Ukraine and will work stably for depositors, - Zelensky on nationalization of Sense Bank "Sense Bank, which belonged to Russian oligarchs, is now controlled by our state and will operate as usual. 2 107 20 Ukrainian Politics

сбербанк,укрзализныця Assets of Sberbank of Russian Federation will be forcibly withdrawn, - decision of National Security and Defense Council In Ukraine, the assets of Sberbank of the Russian Federation and Prominvest Bank, are owned by the state development corporation VEB.RF will be forcibly confiscated. 5 249 12 Economics

шмигаль Shmyhal on transfer of "Motor Sich" and 4 enterprises to state: They should provide for our defense needs The shares of five strategically important enterprises of Ukraine were forcibly alienated into state ownership. The corresponding decision was made following the results of the Supreme Commander-in-Chief Staff meeting. 2 521 11 Previously in trend: War

Oleg Deripaska Ukraine has nationalized assets of oligarch Deripaska worth over UAH 2 billion – SSU Security Service of Ukraine reported that based on the materials it collected, the High Anti-Corruption Court decided to nationalize the assets of Russian oligarch Oleg Deripaska, who is under sanctions. 1 015 9 Previously in trend: Deripaska’s assets