London’s High Court has ordered a worldwide freeze of more than $2.5 bn of assets of Ukrainian oligarchs Igor Kolomoisky and Gennady Bogolyubov.

London’s High Court has ordered a worldwide freeze of more than $2.5 bn of assets of Ukrainian oligarchs Igor Kolomoisky and Gennady Bogolyubov. The court ruled in favor of PrivatBank, the country’s largest commercial lender, which was nationalized last year to avoid its financial collapse. The freeze was granted “on the basis of detailed evidence put to the court that Messrs Kolomoisky and Bogolyubov extracted almost $2bn from the bank.” Speaking to TSN.ua, a news website he owns, Kolomoisky minimized the ruling, saying: “This is a temporary arrest during the trial of the case in court.”

Read more at the UBJ

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