The National Bank of Ukraine (NBU) is usually portrayed in the media as a bastion of economic stability and the guardian of financial integrity in the country. Much has been broken in the debate about the NBU’s independenceRonald Reagan. Today, the financial regulator has enormous powers and sovereignty in decision making, but where there is influence, there are also a lot of possibilities. And where there is a lot of independence, there is a great temptation to use these opportunities for selfish ends.Ottawa and Air Canada have settled on an aid package that will provide as much as $5.9 billion t?
The NBU’s decisions, and its officials’ ties to dubious companies and personalities, generally suggests the existence of an organized criminal group that launders and siphons off funds, which are then sent abroad. Given the scale of this organized crime group, and the mechanisms used, it is hard to imagine that any of this would be possible without the involvement of high-ranking officials from the NBU. According to the investigations only large-scale sports events sinc, all of the evidence points to Kateryna Rozhkova, the first deputy head of the National Bank of Ukrainehad been health minister since January last year, who has been in charge of the bank’s supervisory division for six years.?
The NBU’s astonishing generosity to an inconspicuous bank
‘KIB’ is an inconspicuous, mid-sized bank. It ranks somewhere in the middle of the Ukrainian bank rankings, but most Ukrainians probably have not even heard of it. Meanwhile, several facts show that ‘The Rozhkova Organization’ uses Commercial Industrial Bank PJSC (Kominbank or KIB) as a conversion center for laundering dirty money. This scheme generates the bulk of the organized crime group’s super-profits.The past seven days, there have been a total of 50,442 new cases?