State-owned Oschadbank and Ukreximbank need protection

17:04 02.04.2018

Batkivshchyna faction leader Yulia Tymoshenko says the current government has begun the process of privatizing state-owned Oschadbank and Ukreximbank in favor of the president of Ukraine and his inner circle, and that the Ukrainian parliament should take steps to stop these illegal deals.

“Preparations are underway to sign over shares of Oschadbank and Ukreximbank to people that are close to the government. These banks will be stolen by people closest to the president, and I think that he also won’t be left out,” Yulia Tymoshenko said during a briefing after the coordinating meeting of parliament faction and committee heads.

According to the politician, there is absolutely no need to privatize Oschadbank and Ukreximbank.

“These are two stable banks that work reliably. They are the only banks that guarantee people’s deposits,” the parliamentarian explained.

Yulia Tymoshenko recalled that during the last plenary week there was an attempt in parliament to pass two draft laws that would have deprived Ukraine of two state banks – Oschadbank and Ukreximbank – but that the Batkivshchyna faction did not allow this to happen. The two bills were 7180У and 7080-1d on the management of state banks, which were an attempt to remove state banks from state management.

“Batkivshchyna voted against these bills, thus blocking their adoption. But these documents are again on the agenda for this week,” she said.

The head of the Batkivshchyna faction urged the Verkhovna Rada to take necessary measures to protect Ukraine’s main state banks.

“We need to organize, in parliament and outside, the protection of two state banks: Oschadbank and Ukreximbank. Oschadbank has branches in every village. Ukreximbank financially supports export and import in Ukraine and is the bank for state development programs,” she noted.

Yulia Tymoshenko stressed that the agenda of the Verkhovna Rada is again filled with lobbied bills, and that “all patriotic forces in parliament must unite” to oppose these actions by the government.