Ukrgasbank head Kiril Shevchenko (left) and National Bank of Ukraine Council chairman Bohdan Danylyshyn (center) are considered the frontrunners to become the new governor of the NBU. Volodymyr Lavrenchuk (right) is highly regarded as a good candidate but has stated that he does not want the role.

The forced resignation of National Bank of Ukraine governor Yakiv Smolii stunned the banking sector and shook Ukraine’s relationship with international financial institutions.

Smolii said the situation can be salvaged by choosing the correct replacement, who would ensure that the NBU remains independent. But in the same interview, he acknowledged that he was forced out because the presidential administration wants to insert someone it can control.

Source: www.kyivpost.com

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