PrivatBank to pursue enforcement of over $3B judgment against Kolomoisky and Bogolyubov

The former owners failed to pay PrivatBank more than $3 billion by the deadline set by the English court, so the bank will seek to enforce the judgment in multiple jurisdictions.

According to Ukrinform, this was reported by PrivatBank’s press service.

“On 24 November 2025, the deadline set by the High Court of England for voluntary compliance with the 10 November 2025 judgment expired. Under that judgment, Ihor Kolomoisky and Gennadiy Bogolyubov are required to pay PrivatBank more than $3 billion in compensation and pre‑judgment interest. To date, the defendants have made no payments to satisfy the damages awarded to PrivatBank,” the statement said.

With the court having rejected a request for a general stay of enforcement, the judgment is now subject to immediate compulsory execution, the bank noted.

“The High Court of England’s judgment can be enforced not only in the United Kingdom but also in other jurisdictions in accordance with national laws. The bank is preparing to begin recognition and enforcement procedures in a number of jurisdictions outside the UK, including in Ukraine, where the defendants hold assets,” PrivatBank said.

The bank added that it “has the experience and resources necessary to use all available legal mechanisms for enforcement, regardless of the complexity of asset ownership structures,” but warned that compulsory enforcement will be a lengthy and complex process.

PrivatBank said it will continue to take all necessary measures to secure full enforcement of the court’s decision, including through cross‑border recovery mechanisms.

As previously reported, in November 2025 the High Court of England ordered former PrivatBank owners Ihor Kolomoisky and Gennadiy Bogolyubov to pay the bank more than $3 billion in damages and legal costs.

The court set the principal damages at $1.762 billion, interest at $1.190 billion, and an interim payment to cover PrivatBank’s costs of £76.4 million (about $99.6 million).

The sums were due by 24 November 2025; interest began to accrue thereafter on any unpaid amounts.