You're reading: Ukraine Digest: April 7 – Country continues fight against COVID-19

The latest is 45 dead from COVID-19 in Ukraine and at least 1,462 infected. Forty-five people have died from the disease, an increase of seven since the previous report on April 6. In all, 28 people have recovered since the start of the outbreak. Over the last 24 hours, Ukraine has identified 143 new COVID-19 cases.

Ukraine’s Armed Forces report first death from coronavirus. The victim, a woman working at a military base in Ivano-Frankivsk Oblast, had begun isolating at home and receiving outpatient care for acute respiratory illness.

Businesses in Ukraine expect revenues to fall by half in 2020. Conducted by pollster Advanter Group and published on April 6, the survey shows that 28% of Ukrainian companies expect an even worse scenario this year, with their revenues decreasing by over 60%.

Business Lockdown: Bank CEO Oleksandr Pisaruk says Raiffeisen Bank will be ‘stronger’ after crisis. “Clients are less active and transaction volumes have slowed down. At the same time, we don’t seem to lose clients. On the contrary, we see some inflow of new clients,” he said.

Iranian lawmaker praises downing of Ukrainian passenger plane. “Given that the plane was being controlled by other countries, our military forces did their job well,” lawmaker Hassan Norouzi told a state-run Iranian outlet on April 5.

Ihor Kolomoisky faces London trial after UK Supreme Court decision. Lawyers will now confer with the court to set a date for trial. PrivatBank and the Ukrainian government allege Kolomoisky used a number of shell companies in the UK as part of an insider lending scheme.

Business News – 

With the Supreme Court ruling against him, Kolomoisky is out of options in the UK and his lawyers will be preparing for a High Court trial, which is expected to take place in 2021, multiple experts and PrivatBank executives have told the Kyiv Post. Kolomoisky and Boholyubov, as well as three co-accused UK companies will most likely be summoned at the trial and would be legally required to appear before the court to answer the $3 billion claim.

PrivatBank and the Ukrainian government allege that Kolomoisky and the co-accused used a number of British shell companies as part of a years-long scheme of insider lending and fraud that siphoned money out of Ukraine, leaving the bank with a $5.5 billion hole in its balance sheets.

Read the full Ukraine Business Update