Kovaliv is not satisfied with state-owned banks

Yulia Kovaliv

Yulia Kovaliv

First Deputy Minister of Economic Development and Trade Yulia Kovaliv (Read more: Here are some facts about the activities of Deputy Minister of Economics Yulia Kovaliv) is categorically opposed to requiring state-owned enterprises and structures to cooperate exclusively with state-owned financial institutions in which the state holds more than 75% (Oshchadbank, Ukreximbank, and Ukrgasbank). She states, verbatim, "Under no circumstances should the choice be limited to state-owned banks, as this contradicts both the IMF program and the strategy for reforming state-owned banks themselves." Kovaliv herself wrote this on Facebook.

The document in question concerns Resolution No. 37, which the Cabinet of Ministers adopted in late January and published on its website. This document tightens the criteria for selecting banks to pay public sector salaries, pensions, and state social assistance. However, observers and media representatives are certain that the champion of justice, using the IMF program as a cover, is merely lobbying for the interests of individuals like PrivatBank owner Ihor Kolomoisky, who is currently the largest account holder for state-owned enterprises.

Read more: Here are some facts about the activities of Deputy Minister of Economics Yulia Kovaliv

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