We have no argument with the necessity of the Ukrainian government’s nationalization of PrivatBank, the nation’s giant financial institution with 20 percent of the nation’s $53 billion in banking assets.

Our argument is that it should have been done much earlier and at far less cost than the $6 billion bailout awaiting Ukrainian taxpayers. The delay appears to have only given the bank’s owners, billionaire oligarchs Ihor Kolomoisky and Gennadiy Boholyubov, more time to empty the bank out — and we hear that is exactly what they did in the final weeks.

At the least, they should be facing a criminal investigation on suspicion of bank fraud. They have, in fact, been facing a lackluster and inconclusive investigation by prosecutors into what happened with $1.8 billion in refinancing money that PrivatBank’s owners got from the central bank in 2014.

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It is shameful! Those who engaged in these crimes need to be brought to justice, the nation must cry out! Enough!

Shame to Ukraine and to its over the last two years leaders ( NBU, Government, etc..). As myself, they all knew what Privat and its owners were about....and did not prevent a few additional USD billions to be stolen by Privat's management...We owe Privatbank's nationalization to the IMF...and Ukraine approached Tihipko, a previous Privat boss, and, to say the least, dubious person, to lead that bank!!! When will Ukraine achieve to have the right leadership?

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