Ihor Kolomoisky (R) and Alexander Yaroslavsky attend a basketball game in Kharkiv on Feb. 12, 2020. Kolomoisky founded PrivatBank and ran it until it was nationalized in 2016 when the bank faced collapse after independent auditors found a $5.5 billion hole in its balance sheet.
Ex-Ukrainian Prime Minister Oleksiy Honcharuk says that his team needed more time than just six months to battle corruption, overhaul law enforcement and clean up the judicial system.
Instead, he thinks he and his reform-minded colleagues were ousted from the government because of their commitment to Ukraine’s state-owned banks and their opposition to the powerful oligarchs who maintain a grip on the country and its economy.