Ukraine Probes Ex-Minister Over $3 Billion Russian Bond
This article is for subscribers only.
Ukraine opened a criminal probe into former Finance Minister Yuriy Kolobov over a $3 billion bailout by Russia last year.
Kolobov abused his office and violated the budget law by organizing the bond sale and illegally transferring a $450,000 fee to Russia’s state-run VTB Capital for placing the debt, the State Security Service, or SBU, said today in a statement on its website. Other “top officials” were involved, according to the Kiev-based service, though it didn’t name them.