The Court of Appeal in London and Wales has upheld a ruling against the former owners of PrivatBank, confirming their obligation to pay over $3 billion. This decision includes compensation for damages, interest, and legal costs.
The court dismissed attempts by Igor Kolomoisky and Gennadiy Bogolyubov to contest a previous ruling made in July 2025.
In an official statement, PrivatBank announced the successful conclusion of the appeal process, emphasizing that the court reaffirmed findings of extensive fraudulent activities by the former owners.
The court also rejected claims regarding the supposed return of funds through subsequent transactions.
Julia Svyrydenko expressed gratitude to the teams from the government, the Ministry of Finance, the National Bank of Ukraine, and PrivatBank for their years of effort in this case, asserting the importance of protecting the state’s interests on an international level.
She highlighted that the court’s decision paves the way for further recovery of losses incurred by the bank and confirms the state’s ability to defend its interests in complex international proceedings.
In related news, despite the official exchange rate of the dollar being updated to 44.23 UAH, the cash market has maintained previous positions, with exchange points buying at around 44.10 UAH. Meanwhile, the banking sector is experiencing mixed dynamics, with a decrease in the dollar’s value reported by PUMB, while Monobank noted a rise in the euro’s price by 27 kopecks.
The London Court of Appeal has confirmed a ruling requiring PrivatBank's former owners to pay over $3 billion, reinforcing findings of fraud. This decision supports ongoing recovery efforts for the bank and highlights Ukraine's commitment to defending its interests internationally.