: :inin Kyiv (EET)

A billionaire tycoon with his own private army is on a dangerous collision course with the government in Ukraine


Igor Kolomoisky was once called Ukraine’s “secret weapon” as the 52-year old billionaire raised his own private army to fight off separatist forces attempting to capture the country’s third-largest city. Now the government in Kiev faces a dangerous stand-off with one of its most important allies. In March last year Kolomoisky, who founded Ukraine’s largest commercial bank Privat Bank, was appointed governor of Dnipropetrovsk Oblast, a predominantly Russian-speaking region in the east of the country. After the collapse of President Viktor Yanukovych’s government led to neighbouring regions of Donetsk and Luhansk declaring their independence from Kiev, it quickly became a …read more

Source: Business Insider

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