Ukraine crisis cash in jeopardy after CB chief quits

By Mariam Meskin
02 Jul 2020

The shock resignation of the governor of Ukraine’s central bank on Wednesday night led the sovereign to pull its much-anticipated Eurobond, which had priced just moments before. As investors grow more unsettled, experts fear for the sovereign’s access to institutional funding and capital markets, writes Mariam Meskin.

Quitting his post, Yakiv Smolii, the now former governor of the National Bank of Ukraine (NBU), blamed “systematic political pressure” from preventing him doing his job. In a tweet, Smolii said: “Let it be a warning for attempts to undermine institutional independence of the central bank.”

Smolii’s move ...

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