Ukraine’s banking sector needs credible leadership, not cronyism and corruption

The rumoured appointment of a new National Bank chief risks undermining its achievements

We raised earlier issues related to activities of the National Bank of Ukraine (NBU). Whatever else can be said, it should be acknowledged that, despite Russia’s war of aggression and collapse of the pre-war Ukrainian economic model, the NBU has done a good job made in keeping financial system of the country under control. Few would have managed better faced with a 40% decline in GDP, a blockade of maritime…