Bakhmatyuk Offered to Inject 200 m Dollars into VAB Bank Only to See Its Assets Sell for 8m

Oleg Bakhmatyuk talks about that in an interview to the TV journalist Dmytro Spivak of Channel 112, as reported by Ukrainian News.  

According to him, the demise of those Ukrainian banks caused Ukraine’s economy to shrink by 20%, while their assets were auctioned off by the Deposit Guarantee Funds for cents on the dollar.

The businessman reveals that a civilised bank resolution plan was on the table during meetings with the then President Poroshenko. While everyone except Gontareva supported the idea, the plan was never implemented, which inflicted huge damage on the economy.

"There was a meeting concerning VAB Bank in Poroshenko’s office. A protocol was signed by me, Minister of Finance Shlapak, Prime Minister Yatsenyuk, Gontareva’s first