S&P said that the negative outlook reflected the bank’s still high amount of problem loans, low earnings, and high loan concentrations.

Turlov aims to gradually reduce his share in the company’s stock to below 50 percent, in order to attract more, larger investments, particularly from the U.S.

Faced with a new campaign of Kremlin intimidation and sabre-rattling, it is essential that Ukraine gets the full support of the Euro-Atlantic Community in defending its independence.