Ukraine - November 2025

An arbitration court in London ordered Ukrainian oligarchs Ihor Kolomoyskyi and Hennadiy Boholyubov to pay USD 3 billion to the Ukrainian state-owned PrivatBank, bringing to an end a nine-year legal battle. The two men did not make the payment voluntarily by the court’s deadline of 27 November 2025, and PrivatBank will now seek to recover the sum from their billions of dollars of assets frozen around the world. PrivatBank, the most widely-used retail bank in Ukraine, was privatized in 2016 after regulators found that its owners Kolomoisky and Boholyubov, had misappropriated USD 5.5 billion of its assets for their own personal enrichment. Prior to the 2014 Euromaidan revolution, Ukrainian oligarchs typically misused bank assets in this manner to finance their personal business empires and political campaigns. Kolomoyskyi was arrested in Ukraine in 2023 and faces a range of criminal charges, while Boholyubov remains at large and reportedly lives in either Geneva or London. 

Sources: Kyiv Independent, BNE Intellinews