The term  for voluntary execution by Mr Kolomoisky and Mr Bogolyubov of the High Court of England judgment of 10 November 2025 that ordered them to pay over US$3 billion to PrivatBank for compensation of damages and pre-judgment interest expired on 24 November 2025.

The defendants failed to make any payments to recover damages to PrivatBank awarded by the judgment.

As the defendants’ applications for a general stay of execution were dismissed by the court, the judgment is subject to immediate enforcement.

The English judgment can be enforced not only in the United Kingdom but also in other countries in accordance with the laws of relevant jurisdictions. The Bank is about to commence recognition and enforcement of the judgment in a number of jurisdictions outside the UK, including Ukraine,  where the defendants hold their assets. 

PrivatBank possesses the experience and resources required to pursue all available legal enforcement mechanisms, irrespective of the complexity of the ownership structures involved.

Enforcement will be a lengthy and complex process. Nevertheless, PrivatBank will continue to take all necessary steps to secure full execution of the Court’s judgment, including through cross-border recovery tools. The Bank reaffirms its commitment to ensuring justice is served and losses are recovered — in the interests of its clients, its shareholder, and all citizens of Ukraine.