The National Bank of Ukraine (NBU) has imposed a temporary ban on Petro Poroshenko’s voting rights for 64.98% of shares in the International Investment Bank (IIB), which he indirectly owns. This measure is part of an enforcement action against the former president for alleged violations. The NBU’s decision follows an investigation into Poroshenko’s financial activities, which reportedly involved conflicts of interest and potential misuse of public resources.
Poroshenko, who served as Ukraine’s president from 2014 to 2019, has faced various legal and regulatory challenges since leaving office. The NBU’s action is seen as part of broader efforts to ensure transparency and compliance in the financial sector. The bank, headquartered in Kyiv, is a significant player in Ukraine’s financial landscape, and the restrictions could impact its governance and operations.
Legal experts note that this move may set a precedent for holding prominent individuals accountable for financial misconduct under Ukrainian law. The NBU’s decision to restrict voting rights rather than impose a full asset seizure highlights the institution’s focus on regulatory compliance over punitive measures. As the situation develops, stakeholders will be closely monitoring the potential long-term effects on Ukraine’s financial sector and Poroshenko’s legal standing.