Rada appoints members of NBU Council under quota

Ukraine's Verkhovna Rada has formed its quota of four out nine members of the National Bank of Ukraine (NBU) Council: economic theory department chairman of Ternopil National Economic University Viktor Koziuk was appointed for seven years, former director of the chief monetary and credit policy department at the NBU Olena Scherbakova for six years, member of the editorial staff of VoxUkraine website Tymofiy Milovanov for five years and former deputy NBU governor Vira Rychakivska for four years.

An Interfax-Ukraine correspondent has reported that 258 lawmakers supported the decision.

Before voting First Deputy Head of the financial policy and banks committee Mykhailo Dovbenko said that Petro Poroshenko Bloc decided to replace candidate Stanislav Arzhevitin, the head of the council of the Association of Ukrainian Banks (AUB), by Koziuk, and the committee on Thursday backed the proposal.

A source in the committee told Interfax-Ukraine that the committee meeting was held without committee head Serhiy Rybalka who earlier claimed an attempt of fabricating the appointment of members of the NBU Council by the coalition.

The first attempt to appoint members of the NBU Council at the morning parliamentary session failed.

Parubiy asked the committee to again approve candidates to the NBU Council.

The government asked parliament to urgently form their quota of NBU Council members to unblock payments of at least UAH 38 billion by the central bank to the 2016 national budget. The NBU Council is to approve the financial report of the bank.