NBU council will support dismissal of two board members, councilman states

There will be enough votes among the members of the
National Bank (NBU) Council to approve the dismissal of Kateryna Rozhkova and
Dmytro Sologub from their positions as deputy NBU governors, council member
Vitaliy Shapran wrote in his blog on Oct. 12. He added he has no information
whether and when the NBU governor may initiate the dismissal.

Shapran also blamed “opposition media” in disclosing the fact of the reprimand
of Rozhkova and Sologub by the council on Oct. 2, stating there was no
consensus among the council’s members on whether or not to disclose the
information about the reprimand. In this way, the opposition media, not the
council, made the decision to make this information public, Shapran complained,
calling this “a direct interference with the communication policy of the NBU.”
He also accused one of the punished deputy NBU governors of leaking such info
to the “opposition media.” In his view, the opposition disclosed this
information through friendly media to trigger more “panic and instability” and
“get closer to its dream of change of power” in the country.

Recall, Rozhkova and Sologub are the only two members of
the NBU executive board (out of six) who have remained in their positions since
the recent board rotation, which started with the replacement of the NBU
governor in early July.

Alexander Paraschiy: It is clear that NBU Council, which has the authority to dismiss and
appoint deputy governors, has been ready to vote for the dismissal of Rozhkova
and Sologub any time. Therefore, the public did not need Shapran’s arguments
explaining the council’s “increased readiness” to dismiss them. We continue to
believe that soon dismissal of Sologub is only likely in case there is 100%
clarity that Ukraine won’t be able to agree with the IMF on the conditions of
the next tranche.