KYIV, Oct 23 – It was stated at a meeting with G7 ambassadors in the President's Office that there were no grounds for returning PrivatBank to former shareholders regardless of court rulings.

"Having made the decision on nationalization, the state invested UAH 155.3 billion in PrivatBank, which made it possible to preserve the funds of Ukrainians. We believe that no matter what the court decisions are, there is no reason for returning state-controlled PrivatBank to former shareholders," according to the statement posted on the presidential website following the meeting.