(Joe Hoft) In our article we discussed Burisma, Ukraine’s largest oil and gas provider, and its scandalous close-knit ties with President Obama’s Vice President Biden and Secretary of State Kerry. (Yes, Kerry is involved here too!)
by Joe Hoft, August 5th, 2020
The Privat Group, or PrivatBank Group (Ukrainian: Група “Приват”, Grupa “Privat”) is a global business group, based in Ukraine. Privat Group controls thousands of companies of virtually every industry in Ukraine, the European Union, Georgia, Ghana, Russia, the United States and other countries. Steel, oil & gas, chemical and energy are sectors of the group’s prime influence and expertise. None of the group’s capital is publicly traded on any stock exchange.
Privat Group is controlled by Ukraine’s largest commercial bank, PrivatBank, whose owner was Igor Kolomoisky. PrivatBank was later nationalized by the Ukraine in December 2016, taking 100% control of the PrivatBank entity, a month after the 2016 US election:
According to reports:
Ihor Valeriyovych Kolomoyskyi is a Ukrainian Jewish billionaire business oligarch and the former Governor of Dnipropetrovsk Oblast. Kolomoyskyi is rated as the second or third richest person in Ukraine since 2006. and 377th richest person in the world according to the Forbes magazine list of billionaires.” “The transliteration of Ihor Kolomoyskyi’s name into English has numerous variants including Igor, or Ihor for his first name, and Kolomoyskyi, Kolomoysky, Kolomoisky, Kolomoiskiy, or Kolomoyskiy for his surname.” “Kolomoyskyi is rated as the second or third richest person in Ukraine (after Rinat Akhmetov and/or Viktor Pinchuk) since 2006.” [source]
Before the Orange Revolution, Privat Group had been widely regarded as relatively uninvolved in politics, but loyal to the Leonid Kuchma regime. After the government change, the group’s owners, according to media, became close allies of Yulia Tymoshenko (although she publicly denies this). Analysts agree that some of Tymoshenko’s decisions as the Prime Minister of Ukraine supported Privat side in conflicts. Some sources state that Privat Group provided significant financial support for Viktor Yuschenko during his presidential campaign and subsequent Orange Revolution.” [source]
As noted in prior posts, Kolomoisky purchased a private military consisting of mainly military and police forces who were also employed by the Ukrainian Government. Kolomoisky is credited with stopping the forward progression of Russian separatists via the use of his private military.
The international financial agency had rushed the money to Ukraine in April, in response to what IMF managing director Christine Lagarde called a “major crisis.” She went on to hail the government’s “unprecedented resolve” in developing a “bold economic program to secure macroeconomic and financial stability.” Over the next five months the international agency poured the equivalent of $4.51 billion ($2.97 billion in “Special Drawing Rights”—the IMF’s own currency) into the National Bank of Ukraine— the country’s central bank. Much of this money was urgently needed to prop up the local commercial banks. In theory, the IMF appeared to require direct supervision of how the Ukrainian banks used the aid. In fact, it appears the banks got to select their own auditors.” [source]
About The Author
Joe Hoft is the twin brother of TGP’s founder, Jim Hoft. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. He has ten degrees or designations and is the author of three books. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy.
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