Ukraine - Page 34

US Justice Department Seeks Forfeiture of Third Commercial Property Purchased with Funds Misappropriated from PrivatBank in Ukraine

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Today, the U.S. Department of Justice filed a civil forfeiture complaint in the U.S. District Court for the Southern District of Florida alleging that commercial real estate in Cleveland, Ohio, was acquired using funds misappropriated from PrivatBank in Ukraine as part of a multi-billion-dollar loan scheme.

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€450 million loan for Ukraine’s road infrastructure

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Supporting two major goals of the government of Ukraine – improving the national road infrastructure and fighting corruption – the European Bank for Reconstruction and Development (EBRD) is providing a €450 million loan to the state road agency Ukravtodor.

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