UK court orders Kolomoisky, Bogolyubov to pay PrivatBank over $3B

The principal amount of the damages awarded to PrivatBank was assessed at $1.762 billion. The court also ordered Kolomoisky and Bogolyubov to pay interest of $1.19 billion and to make a payment on account of PrivatBank's costs of GBP 76.4 million ($99.6 million).

According to the press service, Kolomoisky and Bogolyubov both asked the court for permission to appeal against the decision and for a stay of execution pending that appeal. Both of those requests were rejected by the court, such that the above sums are all payable by November 24, 2025, with further interest running on them if they remain unpaid beyond that date.

"To the extent that these sums are not paid voluntarily, PrivatBank will immediately commence the recovery stage of the process and seek to enforce the judgment against the former owners’ assets to obtain compensation for the Bank and, by extension, its shareholder, the Ukrainian Government. The former owners’ assets have been subject to a worldwide freezing order since December 2017," the bank said.

The court ordered Kolomoisky and Bogolyubov to pay PrivatBank's costs on the "indemnity" basis, which provides for a greater degree of recovery where the losing party's conduct justifies such an order. In the course of doing so, Mr Justice Trower held that "the Defendants' cases were inherently incredible and built on deliberate lies," and that Bogoyubov's attempt to distance himself from the fraud "was seriously misleading and dishonest." Both Kolomoisky and Bogolyubov were found to have put forward "a case which sought to mislead the court."

In July 2025, the High Court of London ruled in favor of PrivatBank in its lawsuit against its former owners, finding that they had unlawfully misappropriated nearly $2 billion of the bank's funds.