Poroshenko convenes National Security and Defense Council meeting on PrivatBank

The full text of the court's decision is to be made public within ten days.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

Ukrainian President Petro Poroshenko has called a meeting of the National Security and Defense Council (NSDC) of Ukraine on the situation around state-run PrivatBank.

The meeting started at 21:00 Kyiv time on Thursday, says an announcement on Poroshenko's Facebook page.

"I've called a NSDC meeting on risks and threats in connection with the situation around PrivatBank. The start was at 21:00," the post said.

As UNIAN reported, the Cabinet of Ministers decided to nationalize PrivatBank in December 2016, guided by the recommendations of the National Security and Defense Council. Before the nationalization, the key shareholders of the bank were businessman Ihor Kolomoisky and his partner Hennadiy Boholiubov.

On April 18, 2019, Kyiv's District Administrative Court declared unlawful and overturned the decision made in 2016 to withdraw insolvent PrivatBank from the market with the participation of the state.

The full text of the court's decision is to be made public within ten days.

According to a joint statement by the National Bank, the Ministry of Finance and PrivatBank, it is impossible to return the financial institution to its former owners by canceling the decision on its nationalization.

The NBU said it would appeal the ruling within the established terms or within 30 days since the moment when the full text of the court's decision is available.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!