Political pressure and corruption: the scandal surrounding the National Bank of Ukraine against the backdrop of its head Andrii Pyshnyi's visit to the United States

Borys Kushniruk, a Ukrainian economist, criticizes the National Bank of Ukraine (NBU) for pressuring the International Investment Bank owned by former President Poroshenko. He claims the NBU's actions are politically motivated, indicative of corruption within its ranks. Kushniruk highlights that the NBU’s inspections serve as retaliation against politically opposing bankers, undermining the institution's independence. This situation is exacerbated by the ongoing war, where unity in the financial sector is crucial. Kushniruk's accusations suggest serious implications for the NBU's integrity at a sensitive time for Ukraine.

"The absurd accusations against the former president, the pressure, and more demonstrate the complete loss of face by the NBU as an independent institution."

"Government agencies in Ukraine are becoming instruments of reprisals against political rivals. This particularly affects the financial sector during a crucial time as the country is at war."

Read at Business Matters