Eastern Europe / News

PrivatBank looted of at least $5.5bn by owners, claims Kroll report

bne IntelliNews January 16, 2018

Ukraine’s largest commercial bank was “object of large scale and coordinated fraudulent actions”.

IMF warns Ukraine over presidential anti-corruption court bill

bne IntelliNews January 16, 2018

IMF says draft law on setting up the long-awaited anti-corruption court is not compliant with its demands, putting further funding in doubt.

Putin to spend the $7mn maximum allowed on his presidential election campaign

bne IntelliNews January 11, 2018

Russian president Vladimir Putin will spend the maximum allowed on his presidential campaign bid of RUB400mn ($7mn).

Ukraine and Russian ad markets soar in 2017

Ben Aris in Berlin January 7, 2018

Ukraine and Russia are the fastest growing advertising markets compared to their overall economic growth, but they both still lag well behind the more sophisticated media markets in Central and Southeast Europe.

Civil society slates Ukrainian President Poroshenko's draft law on anti-corruption court

Ben Aris in Berlin December 27, 2017

Ukraine’s civil society slated a draft law to establish an independent anti-corruption law submitted to parliament by Ukraine’s President Petro Poroshenko that could result in international donors cutting off their aid to the embattled country.

Russia's Rosneft and Sistema end their corporate war with $1.7bn settlement

Ben Aris in Berlin December 23, 2017

The corporate war between Russia’s state-owned oil major Rosneft and conglomerate AFK Sistema has come to an end after the two companies announced a $1.7bn settlement on December 22, the day after the heads of the two companies met with Putin

Russian Direct Investment Fund (RDIF) sets up tech investment vehicle, partners with Chinese

bne IntelliNews December 21, 2017

Russia’s sovereign wealth fund Russian Direct Investment Fund (RDIF) set up a new vehicle in December to specifically target tech investments called RDIF Technologies

UK court freezes $2.5bn of Ukrainian oligarch Kolomoisky’s assets in PrivatBank ruling

bne IntelliNews December 21, 2017

A UK court has slapped a worldwide freeze on $2.5bn worth of assets of Ukraine’s most powerful oligarch Ihor Kolomoisky and his business partner Gennadiy Bogolyubov