Market keeps guard up as Ukraine names new CB chief

PA_Kyrylo_Shevchenko_575x375_16July2020
By Mariam Meskin, Ross Lancaster
16 Jul 2020

Krylyo Shevchenko, the chairman of state-run Ukrgasbank, has been selected as the new governor of the National Bank of Ukraine (NBU) after weeks of deliberation. The choice has elicited a mixed reaction from market spectators, some of whom hope that Ukraine can salvage its international debt market access and IMF funding. Mariam Meskin and Ross Lancaster report.

President Volodymyr Zelensky nominated Shevchenko as the new central bank chief on Wednesday night, and the decision approved by Ukraine’s parliament, the Rada, on Thursday. 

Shevchenko was the most talked about successor to replace former governor Yakiv Smolii, who resigned on July 1 blaming “systematic political pressure” from ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial