Ukrainian President Petro Poroshenko has ordered the National Bank of Ukraine (NBU) to ensure stable operation of all branches of PrivatBank.
“I appeal to the National Bank to ensure the uninterrupted operation of all branches of PrivatBank, provide them with the necessary cash, and prevent malfunction,” Poroshenko said at a meeting of the National Security and Defense Council (NSDC) on Apri 18 evening.
He also instructed the Finance Ministry to analyze the risks and threats associated with the possible implementation of the decision of the district administrative court in Kyiv on April 18, if it enters into force, and to calculate the possible losses of the state.
“As I understand it, if we withdraw Hr 155 billion of additional capitalization, this will entail risks of Hr 100 billion of additional funding of the Deposit Guarantee Fund, which the state will have to take from the national budget, and paying this money will bring huge risks for inflation, for exchange rate policy, and for the stability of the banking system,” Poroshenko said.
According to him, the Ministry of Foreign Affairs should ensure timely notifying international partners of Ukraine, including the European Bank for Reconstruction and Development, the European Investment Bank, the World Bank, the International Monetary Fund and representatives of G7, representatives of the United States in Ukraine, and the EU.
He said that international institutions should also be informed in detail, “including about the motivation of former shareholders and their political representatives, about [their] steps to destabilize the political situation in our state.”
