
It is reported that the Kiev government is set to nationalise Kolomoisky's PrivatBank - the country's biggest privately owned bank by assets, and its biggest retail bank, which holds a third of Ukraine's private deposits.
In 2014, Kolomoisky played a key role in the war in the Donbass, funding right wing militias, to fight the militias of the Donetsk and Lugansk People's Republics. He maintained an iron grip on the city of Dnepropetrovsk, of which he had been appointed governor by the Maidan government shortly after the February 2014 coup.
Taking PrivatBank out of Kolomoisky's control deprives him of a bank he has used as a cash cow to finance his various pseudo-political activities.



Comment: Further reading: Ukraine nationalizes Kolomoisky's PrivatBank that holds 36% of all domestic deposits