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Ukraine court declares NBU move against Financial Initiative illegal
Journal Staff Report

KIEV, April 14 Ц Ukraine's higher administrative court on April 13 upheld a ruling declaring illegal the decision of the National Bank of Ukraine to declare bank Financial Initiative insolvent and introduce interim administration to the bank, former owner of the bank Oleh Bakhmatiuk told Interfax-Ukraine.

"Despite the absurd resistance from the NBU, in the past 18 months we have managed to prove that the bank [Financial Initiative] was artificially removed from the market and it could continue operating," Bakhmatiuk said.




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