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EU concerned over possible political pressure on head of National Bank of Ukraine

Source : 112 Ukraine

Peter Stano, the Lead Spokesperson for Foreign Affairs and Security Policy made respective statement
22:52, 2 July 2020

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The EU claims that the resignation of Yakiv Smoliy, the Head of National Bank of Ukraine (NBU) is a "worrying signal". The Union stands for independent role of the National Bank. Peter Stano, the Lead Spokesperson for Foreign Affairs and Security Policy made respective statement on July 2.

"The announcement of the resignation of the Governor of the National Bank of Ukraine, Yakiv Smolii, against the backdrop of alleged political pressure sends a worrying signal. The Bank must maintain its ability to fulfil its role independently. Undermining this important institution jeopardises the credibility of and support for Ukraine’s reform agenda. Ukraine’s path to reform is challenging, in particular in the current exceptional circumstances of the coronavirus pandemic. The European Union will continue to support Ukraine in the implementation of much needed reforms, and counts on the Ukrainian authorities to maintain their level of commitment", reads the statement of the EU official.

Related: Zelensky presents resolution on dismissal of National Bank’s chief to Verkhovna Rada

Earlier, on July 1, Yakiv Smoliy, the Head of National Bank of Ukraine filed a resignation letter, explaining it was due to political pressure on his person in this office. On July 2, President Volodymyr Zelensky submitted the bill on the approval of Smoliy's removal from office for the Parliament's consideration.

Related: Ukraine must maintain independence of National Bank amid governor’s resignation, - IMF

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