The National Bank of Ukraine (NBU) has imposed a corrective measure on former President Petro Poroshenko, temporarily suspending his voting rights for 64.99% of shares in the International Investment Bank (IIB) in Kyiv. The move follows allegations that Poroshenko violated regulations regarding his indirect ownership of the bank. The suspended voting rights apply to the approximately 64.98% of shares he holds through a complex ownership chain, which includes his former company, Interros, and other entities.
The NBU’s decision is part of a broader effort to ensure compliance with financial regulations and prevent potential misuse of state resources. Poroshenko, who served as Ukraine’s fifth president from 2014 to 2019, has faced increasing scrutiny over his business activities and alleged conflicts of interest during his tenure. The suspension of voting rights is expected to limit his influence over IIB’s decision-making processes, including major investments and strategic directions. Legal experts suggest that this action could have significant implications for the ownership structure and management of the bank.
Analysts note that the NBU’s intervention highlights the central bank’s commitment to enforcing financial transparency and accountability, particularly in sectors with public interest. The case also raises questions about the extent of former officials’ influence over state-owned or semi-state enterprises in Ukraine. While the bank has not disclosed the specific nature of the violations, the move is likely tied to ongoing investigations into financial misconduct. The resolution of the issue and the timeline for lifting the suspension will depend on the outcome of these investigations and any necessary remedial actions.