The High Court of London has granted an order to freeze more than $2.5 billion of “worldwide” assets belonging to Ukrainian oligarchs Igor Kolomoisky and Gennady Bogolyubov, ruling in favour of PrivatBank, the country’s largest commercial lender, which was nationalised last year in an effort by officials to avoid its financial collapse.
Financial Times: UK court freezes $2.5 billion of Ukraine oligarchs’ assets
Ukrainian billionaire oligarch Ihor Kolomoisky walked away from PrivatBank, but not before sticking taxpayers with a $5.6 billion tab, largely because of insider lending and fraudulent transactions, according to central bank officials.
