Tymoshenko gives warning to commercial banks to funnel their assets from off-shores

“When the resolution cones into effect the cabinet will be able bail out struggling banks and protect their clients from private bankers,” she said.

Ukraine banking system is being deliberately ruined, she noted.

“The government owns 2 banks, Oshchadbank and UkrExImBank, and they work like a clock. They never withhold payments,” Tymoshenko stressed.

“Why, then, private bank owners cannot manage their banks? Because they do not want to funnel their capitals from offshore havens? Unfortunately, Ukraine law-enforcement agencies are sitting on their hands,” she complained.

By buying out controlling stakes, the cabinet will bail out the banks which arbitrarily withhold payments to clients, she warned. She didn’t name the black-

We must do it quickly as Ukrainians are in panic, seeing their deposits are kept by the banks.