Ukraine Nationalizes PrivatBank

Lesson Brief Lenta.ru
Beginning on December 19th, Ukraine will take over the largest private lender in the county, PrivatBank. It was reported that the bank's owners requested nationalization in order to prevent a possible financial meltdown. It remains to be seen if the nationalization will create the desired stability and help to clean up the Ukrainian banking sector. Suggested Set: Royal Bank of Scotland Freezes All of RT’s Bank Accounts  
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