Oligarchs step in to save Ukraine’s sovereignty

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March 2, 2014, 7:03 p.m. | Business — by Ivan Verstyuk, Katya Gorchinskaya

Igor Kolomoisky (R), the controversial billionaire owner of PrivatBank, was appointed to head Dnipropetrovsk Oblast and Serhiy Taruta (L), the owner of the Industrial Union of Donbass, is taking over the Donetsk Oblast administration. Acting President Olekandr Turchynov made the appointments on March 2.

Ivan Verstyuk

Ivan Verstyuk is the Kyiv Post's associate business editor. Previously he worked as a senior editor for the Ukrainian office of RBC, a business news agency that covers Eastern Europe. He has contributed to the Columbia Journalism Review as well as several local publications.

Katya Gorchinskaya

Katya Gorchinskaya has been the Kyiv Post's deputy chief editor since 2009 and is a contributor to The Wall Street Journal and other publications. Follow her on Twitter @kgorchinskaya.

With the threat from Russia’s military invasion, some of Ukraine's oligarchs are uniting to accept to accept top government posts in their home regions.

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